I also think we could see the price triple to around 15c and fall back to around 8c.
For me, along with the flow rates of 100-200 bopd, I'd like them to also show the market some detail on the uniformity of the HRZ across the acreage. Rather then just a graphic on a map.
There's been a lot of talk in the press about if the flow rates come back good that a JV is a done deal. That to will also determine how others value the project, should that happen.
Any more drilling to be done from this location won't be until at least the end of year or 2018 so there will be plenty of chances for the market to shake out loose shares.
I'm in for the ride though.
IMHO of course
Cheers
88E Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
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