Arc have that nice presentation on their web site. The key thing is their cash flow estimate. $30million estimated NCF from Hovea alone in 2003, and that's probably conservative. Compare this to current market cap, and it jumps out.
And who knows what remains in the deeper zone currently drilling. Add in their Cliffhead holdings, and lots of Hovea-like prospects, and this will be a take over target again.
I think it will become a darling of the brokers after the conference due to it being a probable take over target, and AWE and ROC are likely to have done well out of the Good Oil as well.
Good Oil Conference
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Mkt cap ! $52.18M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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