re: great announcement!!! Charry3 , my figures are as follows:
100m recoverable boe target.
100m x USD25 in ground = USD2.5b
12.5% = USD312.5m (srr.h share)
19.9% of USD312.5m = USD60m approx (neo share , i used USD30m in the earlier calc to be conservative by half).
If we hit , all bets are off !! Either way , its a cheap entry to some excellent acreage with huge short-term upside , and a blocking stake (control) in srr.h
Roll on TD!!
SALTY
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nuenco nl
great announcement, not!!!!, page-13
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