1982, I sincerely hope that the share price reaches a level that returns a profit to you.
If we are successfull and discover 160mmbls of oil then 40mmbls will be our share.
If the industry standard applies at $5 per barrel in the ground then our value will be approx $200million. The share price will be approx between 6 and 7 cents.
Because of the closeness of the well and structure to onshore already constructed facilities we may be lucky and a higher in ground value maybe assigned to the Oil. What that may be only time will tell.
Good Luck to all long term holders and newbies as well.
NWE Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
