RE: Hot money4 Jul 2018 13:58
If it's not for you then no worries. The upcoming drill is targetting 56mmbls recoverable in the deeper horizon. With BOPD estimates of previously drilled wells at £15M MCap i consider it relatively cheap compared to its peers.
Maestro's post sets out the collective:
just look at the current scenario, they have the workover wells, tlp101 will flow at around 90bopd, tlp103 they finally have contact with hydrocarbon's and they expect at least 120bopd.
Once they spud 103, r1/r2 and mengo are proven horizons in our acreage they will add over 600bopd. This company is significantly undervalued at 16m. Don't forget we are paying our partners share of the well which we will recoup from oil sales.
The final horizon the djeno can add 5000bopd as nearby fields are producing per that per well, this part of the well is exploration if this comes in its a game changer for aaog.
MKT cap for company producing minimum 800bopd very soon is cheap.
GLA