ont forget what btheyb said, page-4

Well cos I am an extreme sports player ie looking for extreme reward/risk ratio, I have taken a serious possie in these 3 year options and expecting a no surprise flow according to my back of envelopes. Prefer to be pro-active according to my reasoning than reactive when upside is diminished. If I get it wrong I get it wrong. But the real bucks are usually made with a detective's nose seeking out the clues in these minnows.
Think of it, a 7 mill market cap minnow holding 100 pct of a new oilfield capable of supporting 40 producing wells adjacent a producer and just having found a large column of free flowing oil. In the good old days when oil was in favour it would already be sitting ion a 100 mill market cap ..... well that's prob the mid term target if it proves up like promised. the big Q remaining after flow is established, is what is the opex here.

One other wildcat u need consider. The Saudis are now bombing neighbor Yemen again and are totally surrounded by enemies. But now they have no money so threaten to unpeg the Riyadh from the USD after 35 years of loyal support, and flood the world with cheaper oil to pay for their arms. Such a move would bring down the USA as the shale oil banks with 2 Trillion buck exposure to bad debts for which they have been allowed to make no provision in their accounts, would go down.

"I would be surprised" if "terror" doesn't soon find its way to the Saudi oil industry causing its major disruption if not closure and forcing the yanks to go in and protect it, sending oil prices to back above the minimum required to keep the US shale oil industry and the US itself from going down the dunny.

AKK previously mentioned they can make money at current oil price ..... that's a big call for a shale oil producer, but then again this is a free flowing one. So guess u can say I am also punting on a RISE in oil prices due to geopolitical events IMO likely and coming soon , which might add an order of magnitude to my expectation of what AKK could be worth.

So u can see I look at all kindsa surprises when making extreme sports judgments. And since I have been out of the oil game for some time now, thought this one from current 7 million dollar market cap might be "the one" to cover the sector and macro possibilities.

In any case, 3 years to run with 0.6c to play coming in at recent private placement prices is a fair Black+Scholes play with great expectations haha.

Do your own back of envelopes with broader vision.

Opinion