I have a holding with RMP, not my largest by any stretch of the imagination. However, I just can't work out if I should risk topping up or not. My target; 11p. I don't know what to do for the best, as this is going to go high or die. In my opinion...
£6.6million cash in the bank. 2 billion barrels oil potential in puntland. 80million barrel of oil in place in Georgia with 2 trillion cubic feet of gas. note the gas reserves are classed as p3 (possible) as the area has vented gas in all 300 wells drilled. Compare to the likes of trp with a market cap of £50million in a 30% interest in Namibia and 10 million cash. Shows the potential return when rmp start drilling again. £50million would be 20p here
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