Can you guess which company Im talking about?
Cash: $6m
shares on issue: 220m
debt: nil
50,000 acres in Austin Chalk reservoir
Guess? No not Pryme!
It was Aurora oil and gas JUNE 2010!!!!
Share price of Aurora on 30 June 2010- 77 cents
Aurora only a 10-15 % share in only 9 wells back then.
Pryme- buy hard.