FAR 3.30% 47.0¢ far limited

Great presentation last night. Lots of positives, including Erin...

  1. 1,883 Posts.
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    Great presentation last night.

    Lots of positives, including Erin bankruptcy opportunity (20% for $5M) and general air of confidence surrounding PE & upcoming SAMO prospect.

    However the comment that resonated most with me was the SNE 3B barrel oil in place comment and the very conservative recovery figures being used of 20% which could easily turn out to be 30-40% recover ability.

    10.5c will prove to be very cheap IMHO!!
 
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