Just dreaming...just maybe...
Puntland Government sign off and ratify existing arrangement with Range and AOI. Drilling takes place...
Lets just imagine they discover 1 billion barrels of oil...very conservative from reported surveys and independent report.
Lets assume 10% npv in ground value. $7billion
Range share 20% .... $1.4billion divided by 700m shares
equals $2 per share.
mmm.... maybe dreaming...3cents is a long way from $2 but high risk plays have high rewards if they come off. Any meetings in Dubai recently....mmm don't know for sure.
Imagine if they struck 10 or 15 billion barrels what sp then????
High risk play my friends but high rewards possible
Do your own research and make your own decisions...not for the feint hearted.
Just dreaming...just maybe...Puntland Government sign off and...
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