Agree EL, current fundamentals look likely to push the SP up to...

Agree EL, current fundamentals look likely to push the SP up to about $1, once NSE oilfield is fully firmed up.

The predictive $1.50 comes in when they firm up flows/reserves in other areas. You mention the northern zone, but the sourthern area is looking hopeful as well, in the medium term. But the beauty of an aggressive drilling campaign is that you never know what they will find, and where... The area is oil saturated, IMO it's just a matter of being patient with this one. Wait for the exploration successes to come, and concurrently they fully develop the NSE oilfield and increase production... Not a bad position to be in.

And EL, yes, just kidding. I like your sobering posts, helps me keep a lid on my enthusiasm!