Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Oil price today was $87
lets say uplift cost is $10 per barrel
using antiquated drilling methods the field was producing 17,500 bpd in the 60's & 70's
at those prices it could produce revenues of approx $1,347,500 per day or more using modern practices
and we get 20% of that.
and we are values at £3.5 million
we are a tad undervalued in my opinion
Is the drill going straight down vertically or is it going in at an angle, 900 metres depth should not take too long at all, hopefully we will have a gusher long before the end of september whatever way they drill the hole
IMO
we are a very small entity,
News is released VERY sparingly
Before yesterday in the last 12 months there has probably been about a dozen posts on LSE
Share volume has been tiny
Buying stock is pretty easy, Selling is hard.
It is not a leaky stock so why big volume in the last 24 hours i have no idea
In the last 9 months the SP has dropped for no real reason, ok a few delays in Armenia but nothing else.
Hopefully good news is on the way, but be warned, it can drop just as fast as it has risen
if and i mean if we get good news anywhere, this will multi-bag in an instant