RE: 20,000,00015 Nov 2021 17:33
Many reasons it will come good PD .
1. Oil & Gas over the pond higher than it has been in years and now with Daybreak at these prices we will be making more profit than when they first invested also our assets are about to be monetised in Feb 2022.
We have identified further drill targets for Daybreak and they have given an undertaking to spend $2.5 million dollars drilling new targets and clear all their debts before the merger. We will be able to cash in when appropriate.
2. Corallian i expect a few interested parties and with present oil and gas prices we shoulkd get a decent price in comparison to the money invested when prices were much lower and the draft FDP is due on Victory next month pushing up the value to a buyer as all the donkey work has almost been done. Once corallian sold plenty of money for WN.
3. Too much oil and gas and condensate to leave in the ground i personally thinks they will get the B2 well drill bang on and i then think they will flip it, but if not there should be plenty of cash from The other assets i mentioned to further prove it up.
4. Parta again they have discovered the gas, they just need ADX to come up with a plan to produce it.
How long depends on how much you want to make and how long you are prepared to hold on Corallian could get an offer tommorrow or not for a few months. They could drill B2 in the next few weeks and get a gusher or not for six months. We know what is happening with Cali. Parta we are not in control of. ATB.