target price 2.5c

Hardly anything on the sell side up to 2c. Can get to 2c plus in a heartbeat.

Fantastic news yesterday - the company is now free to proceed with the acquisition of the oil and gas project in Indonesia.

Just a reminder: Wailawi oilfield has been in production for many years and has all infrastructure ALREADY ON SITE! Only a small part of the field has been explored to date. There is PLENTY of upside potential from further exploration to expand output. It's a very low cost production field, so still very profitable even at depressed oil prices.

EOR is one of few oil stocks that has actually INCREASED in price since the oil price halved.

I think the next few weeks will be very exciting for shareholders!