The shares after dilution will be approx 2 billion Plus.
Some one in the groups mentioned EV of $5 per BBL.
The intention of PRL board is to either find a large industry partner or a buy out.
I think buy out will release the profit to shareholders much quicker than production of oil. As there is waiting period and a large capital investment.
PRL Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held