DLS 0.00% 69.0¢ drillsearch energy limited

RichieRich - "can anyone suggest how much the SP will reach...

  1. 647 Posts.
    RichieRich - "can anyone suggest how much the SP will reach should they have success at Marina"

    Hmm, u can not measure it, only second guess it.

    If for example 200 million barrells found, 35% would give DLS 70 million barrells.

    70 million x lets say $90 a barrell, give away $45 for costs = 3.1 Billion

    If they only found a billion worth and got half at a profit of 500 million. I'd be extremely happy and Drillsearch would be worth $1.00 a share.

    Our chances of that around 1 in 10 according to Peter Strachan.

    So for 23 days I can dream about having $500,000
 
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