snapper a3 drilling, page-20

Starkinc, I think we need to be realistic about the possible outcome.

The company at the moment is almost cash flow positive. Snapper A3 coming online (hopefully with great flow rates) would further add to cash flow and so will East Chalkley once the water disposal well is complete. Not only this but East Chalkley has a higher output potential should more wells be drilled to increase the flow rates (Which they will do - Part of capitol raising)These along with a huge potential being Highway 71. If this comes off as expected, it will increase their reserves by over 300%.

No debt, in production, great projects ahead and the company has a low valuation. Def undervalued stock.

3 months 0.15 - 0.20 (All going well with Highway 71)
6 months 0.20 - 0.25

That seems fairly realistic, but i'd take the 0.40 any day!