July 13 report
Based on OPL's listed projects, weighted for risk of success, it is possible that OPL's share of discovered hydrocarbons could total 51 mmboe. At $2/boe, this equates to value north of $1 per share.
The next 6 months will see 6 wells drilled ( 4 b4 end of August ) which represents the culmination of 18 months of preperation.
If OPL were to 'snag' 2 gas pools, out of its initial 3 well program at Forbes, its valuation would treble the current share price.
Sept 6 Report - " ORCHARD PETROLIUM AND LARNER MAKES IT 3 ON THE TROT "
... The joint venture between OPL and Matris Exploration holds a very attractive ground position in Forbes. Th einfrastructure to commercial gas discoveries is very adjacent and the strategy has been to idnetify targets, drill and if successful link the discovery into the system asap.
... As we look forward, OPl is busy on many fronts..
The presesent share price reflects OPL's interest in Sledge Hamar only and ignores 2 gas discoveries and the program going forward ....
End quote
Technically it looks like a cup and saucer formation. I can see a big run very soon.
All the best
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