UIL one to watch over next few months. Time to get set is now while no one really looking at this company.
Summary FA:
Mkt Cap $8m
Cash $2m
IPO Raised @ 20c
Smaller raise @ 5c
UILO's exercisable @ 7.5c
Own 100% of some great tenements - one only 35km away from ASX:AWE
AWE drilling 2-3months away
Natural gas market expected to boom from this year into 2020 as supply/demand issues increase.
UIL drilling programs being finalised.
Directors have excellent credentials and are buying on market.
Won't take share price long to be back at 20c pre-drill.
20c+ if AWE hits and natural gas prices keep rising.
If UIL drilling hits then 40-50c+ imo
UIL Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
