Skygypsy Father Christmas came 2 months ago. The resource is proven, the IRR is strong. The management are keen to progress the production quickly by committing to more production wells. A price in the 20's would require an oil price collapse to below $50/barrel (who know's). Highly experienced and successful Senior management buying large volumes at 35cents in todays capital raising give enormous confidence of positive announcements to come. Euroz Securities are upwardly re-valuing the company at the moment. Wait for their coming revaluation report at your peril. Tiny debt, good cash flow, strong balance sheet. Proven management and excellent proven large resource secured at bargain basement price. Great long lease holdings in hot TMS zone.
ATS Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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