RE: Simon Partridge.24 Apr 2021 12:40
between 5x and 10x time scale dependent. we have to secure the Exploitation License due May/June, then we have to find the funding to drill (bank loans, JV and last raise on the market) - but with EL we will re-rate to 10-12p and then 30p on going - we have 33m barrels recoverable so £2B rev - current mcap £34m could blow to £500m mcap on a ramp but that would be over valued - more like £350m+ is fair if everything goes as planned.