I just posted this on the BRU thread. But I feel it has even more relevance for REY in regards to the value of EP457 & EP458. Many view REYs Oil & Gas as being valued at around $4 million. I argue it is closer to as least $13 million (with much room to go higher). How high..? well if the Ungani Structure stretches into REY holdings.. Value could be huge.
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I really do enjoy finding little pieces of info which strengthens my confidence in BRUs management.
The purchase of Gujurat's %90 of EP457 and EP458 for $36 million was the deal of the decade.
You only have to compare the NSE/COP deal to see how value added the deal was. @ $13 per acre = BRU just boosted its assets IMO by $108 million, it only cost $36 mil.
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why buru will offer rey a deal, page-14
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5.5¢ |
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Mkt cap ! $11.63M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 41705 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 3417 | 1 |
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