zeebu big loss for you, page-24

re: i'm not selling Hi Andy

I agree.

This stock drifted because the drilling seemed to be far far away. Now the first spud might be within 10 weeks!

Every punter & his dog should have a nibble at these.

IF 100mbo were to be stumbled upon, then:

100mbo x $50 a barrel = $5b
$5b / 117m (fully diluted shares/options) = $42.73 a share.

They would probably get more than $50 a barrel. One should also value the company higher, to factor in the fact that their massive acreage would probably hold many more mega targets.

The oppies still offer the better risk/reward ratio, but nobody is selling them.

So your 25k options might be worth $1m one day!

& whilst you are thinking I'm in a dream world, you are probably right. But with the management having exploration & geologist experience with:

Shell, Esso, Chevron-Texaco, Ampol, Santos +

it's got to be worth having a nibble, imo.