Zedcorp,
I like the way OBL grow its business, have a look at its presentation on ?What set OBL apart??
- set out as an explorer, now developer & hopefully soon matured into producer.
- built strategic portfolio?.that deliver shareholder value. Start as 25%, then become 100% of undeveloped Cyrano oilfield at 30cts/barrel & with upgrading of OIP, surely it is worth much more now esp. with oil at current price
- Maximising new technologies & engineering techniques??. This is both applicable to Cyrano oilfield(future application of new extraction tecnologies to pump oil, making it economical from uneconomic)& Backreef 100%(application of engineering 2D,3D,PSDM,PSTM,ect to develop the new oil play)
- Backreef1 potential company maker
- potential CSG& USG in canning which is in hot pursuit by big companies
- other asset at Vic
All the above done without much dilution of the shares on issue, only 300m. What a small beauty!
Look like the quarterly will be available after trading hours today.
Zedcorp,I like the way OBL grow its business, have a look at its...
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