Sliced and derisked yesterday at 130p. some questions need answering. the pre drill resource figures eco announced specifically said upper tertiary and cretaceous only. no volumes for lower tertiary.
So nothing was found in the upper tertiary or cretaceous? so possible the discovery could be smaller than pre drill estimates#. ECO told us they would drill into the cretaceous with this drill. so how does this affect the volumes for the block? 4bn barrels best estimate was volumes in upper tertiary and cretaceous
My take is different to most. I was skeptical at the start and probably still would be but BIDS have been caught up in something far greater than they first thought possible. its now a rush to seize the opportunity in front of them and thats what they are working toward. If they seize the opportunity, and with this team they now have every chance, then they become a blue chip. and thats what people are buying. once on all the dsp's, with the new gamification and exclusive contracts / tech the future earnings are limitless
an average of 10 customers seated per day x £1 365 days = over £7mn revenue. then add in sponsored listings, promoted restaurants, restaurant of the week, advertising. you're looking at £10mn revenue in the next 12 months.
CEO and Owner = £200k p/a 10 Area managers = £250k p/a other staff and costs = £550k p/a
pure fag packet and guess work but shows how these aims could monetise quickly