6 Jun 2013 11:30
Excellent buy imo recently had results of approx 90 boepd and with a second frac result coming and potentially 4-6 more fracs this year could be hitting 500-600 boepd. Many other opportunities including 100% owned site with two wells could see them hit the 1000 boepd mark. Started at a valuation of £15 million and could easily be valued at £60m by the end of the financial year, hopefully hitting 5-7p a share. As they gain extra acreage this valuation should only grow. The CEO Randell Connally has proved track record with Eagle Energy and them growing within 3 years to a valuation (and company sale)of $650 in the same sector. They have hit and surpassed all targets so far.....GREAT VALUE at 1.6p