It's a good question. One that offers most for least! I'm not sure but I'd be happy with something similar or better than RKH. Something to take us from appraisal to production fully funded and put some cash in the bank to expand exploration and possibly acquisitions.
No probs mate, I think it's very interesting how a well timed top up can substantially reduce your sp. I'm glad the info was of use to you ! I'm just waiting on ECR to confirm they now have full access to the $80m Australian tax credit and that should see a nice rise. And I'm also waiting on flow test results from MSMN with the New Zealand wells and that should also rocket on good news. Once one of these guys pays out I'll be buying more BOR shares before they announce the 2015 schedule... If it all goes to plan I'll be one lucky SOB :) That's my grand plan anyway so fingers crossed !
V interesting your top up and the effect its had on your average. Mines 48p, so on that basis if any sorry when the oilers that many of us are waiting news from come good I may well have a top up also. I have done some 'average down sums recently but not at these low prices. Thanks!
Hi Lucas, it's a fair concern but I really wouldn't worry all that much as any price impact due to oil prices will be nothing compared to the upside of a confirmed drilling schedule next year. There's slso the time between oil prices now and the time we actually become a commercial operation, this will be 2 or 3 years away at least. Believe me, when we confirm our schedule for next year the sp will rocket north. Like everything though it is a gamble as we need the funds to go back, but I believe there are a few options open to us here so we aren't going to just fold up our tent and call it a day. At the moment I'm down £20K on BOR but it's only an issue if I needed the cash right now, and I dont so I'll continue to wait for my pay day :) All the best and hang tight
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