I would think Waterfords may use AIM listing to divest from JPR....

I would think Waterfords may use AIM listing to divest from JPR.

I certainly dont want another CR, even if the timing is better and sp higher. Currently about 1.5bil shares. 10c per share is $150mil market cap. Achievable? Probably.

20c and 300mil market cap? Maybe.

Doubt it could get much higher without some major acquisition.

If we add more shares and end up with a nice round 2bil shares, then 20c is $400mil. Big ask IMO.

I guess it all comes down to how the money is used and what Block31 does. But it seems like the likely outcome at this stage is many wells all costing $6mil and producing about 400bopd. Thats solid not exceptional.

J50 was around 360bopd, and cost more. So we cant even rely on the above. But it seems realistic.