OIP has heaps of cash and if you read the quarterly...they've been pretty much living on the interest so far - they hardly spent anything. Obviously these two wells will up their outgoing. Of course, if either (or both) get decent hits the price will go supernova. Potentially over a dollar, well over a dollar. Again, this is not a lame farm-in - they own 97.5 - 100% of these two wells...
Screaming buy - but very speculative...could go pear-shaped..or fund a few retirements LOL...
OIP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
