Before today announcement, SEY expects recoverable resources of approx. 7mlb barrels and 15blncf of gas. After today news, what is the chance that potential recoverable resources are much higher, let look at a few scenario:
I'm optimistic that SEY might have 20mln barrels or more, at USD125/barrel, that is a potential of USD500mln in net revenue to SEY's 20% interest, its market cap is less than $20mln...... and further upsize from the extra 200 acres adjacent to the Nosbitt Discovery.
This one is game on! Next target $1.... then $2.... just look at ERH's action and this one definitely worth a punt.....
SEY Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held