IMO if there is big money willing to underwrite the IPO, then we could see $1.
$1 is famous last words for a penny dreadful, but think about this after the IPO how many shares will be on the register? If it is a 1:10 ratio we could be looking at the tightest register in history.
The oil wells were only put in maintenance mode due to the 90's Asian oil crisis, not because they were not producing oil as our good mate inick was trying to claim some years back.
Part of the compulsory 15% JV with the indo gov guarantees access to existing pipeline infrastructure.
Yes it has taken an eternity, but all good things come to those who wait.
EOR Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
