RE: £11.627k buy, £15,060k buy and £10,200k buy8 Sep 2020 10:16
Hi MickR. I think you are right about the 0.5p target. The more I dig the more I like. It went on a bull run last time to 0.5p. They are funded through 2021 and there really is sod all priced in here. I posted some research to suggest that the Chuditch license and surrounds could well be 5-6TCF.
The seismic analysis will reveal more. They will need to drill more wells but note the Chuditch 1 well now classes as discovery status by shell only cost $8 mill. So for a 25% share that BOIL have it’s cheap as chips.
It’s shallow water circa 50-100m across. It’s going to get very exciting mate imvho