The Robster has put comments on this board for a number of years but has never put many if any positive comments. I believe from memory he sold out a few years ago but still seemed attached to this board..
Oh okay then...2.2 billion shares @ 2p + £60 million in debt = £190 million. At £10 per barrel of oil (value to Max) 2P value would have to be around 20 million barrels. This is more than double what they have. So basically they need to double 2P value to get close to 6p on an enterprise valuation. Not sure that's going to be that easy to be honest. :P
Think you might be forgetting the low 2P numbers (<10 million) and massive debt. From an asset valuation perspective the oil reserves just about cover the debt + running costs. 6p a share is nigh-on impossible on the current know reserves. But don't let awkard facts and figures put you off. ;-)
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