As per their PDC presentation and 2005 AGM, there are four ready to drill prospects each with potential 500 mmbbls @ Aus$100 per barrell = $200 BILLION.
The above is a simple extraploation from ASX announcements and the current POO expressed in Aussie dollars.
IF YOU BELIEVE IT THEN;
All you have to do is calculate what percentage RRS will have, when the oil will be extracted ..... oh, and there's the sovereign risk!
I'm prepared to to risk it and sit it out as there is not another stock on the ASX with this blue sky.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
