RE: Bored Investors12 Nov 2021 12:28
Ziquarat, with your background, you may want to look at ADV.
Present market cap of £40m, they are about to drill into a proven oil basin this month, that is expected to be producing 20,000bopd with a 95% chance of success. It's a previously producing resource but was stopped 20 yrs ago when the low price of oil made it uneconomical, and they didn't have the tech they have now to unlock it further. Their JV partner, Carnavon, have described it as transformational for themselves and they are valued at £500m, so the potential upside here is staggering.
Highly experienced board, I'm expecting it to get into mid cap territory on good drill results (which is very liekly - this isn't exploration).
Cross-ramp over - I'm invested in both!