OK boys something to cheer us all up on a red day. SCEs latest report (18/90 have a risked valuation on KIK of $1.05 (unrisked $6.60). The outboard structures Gindara and Lapu Lapu unrisked of $1.86 and $1.84 respectively.
The inboard prpoects unrisked at $0.47 (based on 100Mb)with chance of success 35% (I think it is a lot higher more like 80%). Other wells mostly 15% with Gindara at 20%
Needless to say they have it as a spec buy
Spozzie
KIK Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
