RE: Tiburn22 Jan 2019 08:01
They do have a fair few options drill wise going forward, and a decent prospective resource. 5k bopd natural flow, so minimum extraction costs. Not sure what their margin p/b is either, but they have around 1.2b shares in issue. Either way, comparably if we can flow 5k bopd, given the very low number of shares in issue, we should fly through 40p even at this stage imho.
Early stage fag packet calcs, on top of the released results.
1k bopd = 5p p/s uplift imho. But I am usually a tad conservative lol.