RE: Upside potential just quadrupled28 Mar 2018 09:42
The only negative from this RNS is that the share price has dropped and I have no cash left to top up!! I think AC has demonstrated clear confidence by putting $100,000 of his own money down as a deposit for the asset and for this he should be applauded. The deal looks very good and now appears to be the right time to snap up a low cost producing field with oil prices set to rally over the summer. With success at Zardab and the new field we could be looking at 2000 barrels a day with $45-50 margins which would be bringing in $30 million+ gross profit.