The cost of this exploration program sits around $200 - $220 Million, which in the current climate for Oilers shows just how serious the potential is. If there is reasonable success (a commercial Oil find) PVD will open with a huge gap in share price. Simply due to a couple of things, current market cap and low shares on issue combined with the lack of buy interest thus far or the amount of interest still sitting on the sidelines waiting to pay a nice premium in share price if the news is good enough to warrant. I've seen this with stocks where the open price can be over double the current share price on open once a company releases a substantial annoucement via a trading halt. Usually there is a premium already built in to the share price in PVD's case this has not occured. All good things come to those who wait GLTA![]()
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The cost of this exploration program sits around $200 - $220...
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30 | 12084708 | 0.005 |
8 | 5287749 | 0.004 |
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Price($) | Vol. | No. |
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