RE: its still there. buy.19 Jan 2022 11:58
There is oil there, how much depends on the data that is still being gathered. Even if it’s a case of say 2m barrels extractable in todays (this years) oil price environment maybe approx $80 a barrel that’s still maybe a decent return of $150million. Anyway these are all pie in the sky numbers. I think In summary all is not lost here and we need to wait and see what the CEO says and what the plans are. It’s a tempting buy at this price that’s for sure (although I wouldn’t personally be putting much into it yet)