please sell your nse shares to me, page-7

hi JC


it is good to get a grip on the actual market cap :)

but the NTA is likely to change dramatically over the coming few months, so as a speculative stock it makes more sense to buy on its immediate potential as opposed to its current assets, especially while it is still trading cheaply .

all of the figures the company has given are pretty conservative. prospective well sizes and flow rates are all reasonable.

the company has over 20 wilcox targets lined up, which means W2 is very likely one with a higher POS.
the fact that it is a 100BCF 2.4mmbbl target speaks volumes about the prospectivity of the entire lease.


even if it is only half the well that they are hoping it to be, it still equates to 70c/share NET REVENUE for NSE holders.

that is a massive jump in value from where we are right now.
shares in spec companies that aren't in need of capital (and are therefore not being played by brokers) rarely trade at a premium, so the price may stay low until we see some actual results. (unless of course we start to get some more rogue villains or pirates on board)

but with brasher less than a week away from testing we may get some early indication of whether these guys are way off the mark, or right on the money.

if it's the latter, alot of recently burnt oil/gas investors may start taking W2's estimates of $1.44/share net revenue very seriously.