mark on brr, page-8

While I tend to agree with you BigStripey that it would be nice to use sale proceeds from any divestment of Bullseye into a sure thing that is going to be difficult to get.

QPN is in a bit of a cleft stick at the moment.

It has a small share of a producing asset. It has a small cashflow from it which is useful at keeping QPN running but not enough to fund developments.

Yet it also has a number of prospects, that if they were able to deliver, would provide that breakthrough that QPN has been seeking.

As I have said :
1.) Guijarral Hills offers a potential 5 mmbo which would mean 1 mmbo to QPN
2.) Osso Bucco offers the potential of 17.6 mmbo which would mean 2.2 mmbo to QPN
3.) Merlot offers the potential of 46 mmbo which would mean 5.75 mmbo to QPN

So if only one of those hit commercial oil then we are looking at between 1 mmbo through to 5.75 mmbo for QPN.

If all three wells were successful then QPN's share would total about 9 mmbo

Multiply that by say in ground value of US$10 per barrel and we are looking at an in ground value of US$ 90 million

I wonder what QPN's share price would be then ?

So do you toss the coin and take the chance. Surely it is time QPN had good luck flow its way in greater abundance.