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35.5¢ warrego energy limited

Potential 50 bagger, drilling Feb 2017, page-7

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Little T

2,275 Posts.

1813

11/12/16

14:20

Post #: 21255905
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Originally posted by rivermore ↑

So about 13 times current SP. Not a bad return but I still maintain we will do alot more than that if they hit oil. For research types, google Schuepbach Energy (the front entity that we own 51% of). They have a compelling case for Uruguay being a new oil province. Am hoping to find out who is underwriting their side of the drill program, I wouldn't be surprised if it was one of the multinational oil companies. GLTA. (Oil shares will fire tomorrow following the OPEC deal). See Bloomberg.

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Rivermore .I have been told that existing investors fronted up with the money as they did not want to be diluted.My understanding is that they had not fronted up petrel would have got a much bigger share of the prospects .

PRL Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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