Yeah go for it pterh if you can get half a million shares at 4 cents then you can retire and buy a nice sea-side mansion in the near-future.
IMO enough cash for 1 well in Italy - raised 20 million dollars in IPO 11 months ago, where has all the money gone!? Not Kiliwani #1, it wasn't that expensive!
Assuming a further dry hole then the Company is still undervalued. I've come to the conclusion that people are not aware of the petroleum prospectivity of the Po Valley (Again, 8KM from the biggst oil fiel in Po Valley 250mmboes oil) and offshore Tunisia next to a permit which has 200mmboe discovery with Merlin Energy of the UK (not the permit holder, NOT the permit holder) saying it has potential for 1.6 billion barrels after newly acquired seismic which was carried out over only the southern portion of the permit.
DYOR!
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