Sanibel, I presume you're new to oilies? There are a huge amount of oilies listed on aim which are explorers as opposed to producers, therefore all will run at a loss.
However, it is the potential value of the assets which is significant and with TRP targeting 9.9billion barrels next door we here at GBP are sat on a gold mine should they strike.
What makes GBP highly attractive is the very low mcap (£12million) when compared to the likes of char, trp, bpc etc etc, we also have excellent cash reserves which at the current cash burn would last us into the 2030's so don't fret, this is the best of the bunch with significant upside on the back of trp and minimal downside with our cash matching our mcap.
with only 200m shares in issue and the credit/cash crunch over, the world is GBP's oyster.
I would prefer a placing at 10p 100m shares to fund 3D in Namibia. GBP would get all costs refunded on farm out so would have even more cash...;o)))) plus on farm out with drill commitment GBP M/C could hit £200m like TRP et al.
with 300m shares that is still 66p++ per share and they would have £20m in the bank.
GBP safer of the 2 options just at the moment, I am also invested in TRP but still nervous of a discounted placing, the drop will only last a few days there if it does happen, momentum will pick up there and will move onwards and upwards, however here with few shares to trade, cash in bank, other projects and possible greater value off back of TRP drill, excellent value and I see as greater upside over shorter term.
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