RMP's puntland interest alone is a 10 bagger at current levels. If they have a discovery in Puntland of which there is a reasonable chance they will given previous drilling and the basins they are in, then using a simple discounted $10 per bbl valuation for onshore drilling they will have 20% of circa $6bn which is $1.2bn. Halve that for drilling and Puntland risk and you have a $600m valuation. Dare I say that it's a punt, but the rewards are large.
Also their Georgia assets seem ok notwithstanding the first hole was a duster.
is spudding success now priced in to rmp?, page-12
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $10.35M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.8¢ | $36.90K | 1.942M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 619309 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 269522 | 2 |
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| Last trade - 15.36pm 14/11/2024 (20 minute delay) ? |
| FME (ASX) Chart |