RE: Look at market cap, BOIL considerabley undervalued. £14mil with half of that in cash vs UPL at £50mil. BOIL in discussions for project level partnership. Initial broker target 0.595p. 10-11x rise.8 Apr 2024 12:12
We already hit gas 25m's in Chuditch 1 just need to test it. They have a step out of 4.8kms from that first well that is huge and are targeting a 110m column. I have a feeling we will be tied up with Eni in some way. Could be sharing the Valaris 247 rig with them and maybe doing some more 3d on Chuditch NE next year which is right next door to Block P bought by ENi. We do know from the rns they are looking to share costs. Inpex, Santos, Eni, Total Energies, plus Utilities could be in the data room.