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8,050 Posts.
11
18/09/13
14:32
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"If that comes through then the expectation will be that the company be priced at 5x-10x the current price.'
25% interest to SSN = 300-350 BOPD to SSN from each well. Expecting 1200 bopd net to SSN, within weeks.
Remember these wells are held back in the belief they will flow for longer periods. Sail and Anchor could have easily flowed ip 2500 bopd otherwise.
A share price of 6c for a market cap of $150 million would represent fair value.
10c by year end with the extra infills, imo
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