" What would happen if we found an elephant? " onthego, 11.6...

" What would happen if we found an elephant? "


onthego, 11.6 billion barrels aside, if Nido found one billion barrels the share price would be $5 in an instant, and rapidly move on from there.

This is the magnet, and it is based on seismic data, which at this stage is educated guesswork(all paid for though). To get a grasp on this, one needs to trawl back through some of the past comments from directors and their aspirations based on the data.

However, for the present it is fair thing to focus on what is doable in the here and now. Though I do remember first buying into PDN back in 2004 when nobody wanted to know them. No earnings, all prospects, etc.