We have to remember we hit mid 0.050s on the day of the announcement of transformational farmouts
We are now close to completion of said farm outs and you can buy at 60% discount to the day of the announcement but this time the re rate will continue as well have cash in the bank and rig contract to follow shortly with spud and 35mmbbl recoverable oil prospect to drill which as the company believes NPV per bbl $13
It’s a great opportunity at these levels
Broker targets before dilution
0.12 for core nav only for thali drill on completion of farm out and rig contract
0.80 +for successful appraisal drill
Can buy 0.025 with potential 20bags+ from here on successful appraisal drill according to broker target reworked with new shares in issue, this just for Cameron with a 35mmbbl prop spect, the company has the potential for multi billion bbls across the portfolio
News pending
Cameroon farm out - cash in bank
Namibia farm out - cash in bank
$4.375m
SA farm out - potential for super major and back costs upto $14m
Where do you guys see the company in six months? What will the share price be in December 25? I'm in no hurry to withdraw the money, but I want to get the experts' opinion، Thank you!
Do you guys think that someone's negative comment has any effect on the share prize? I don't believe it has any effect. The stock market is driven by supply and demand. Investor sentiment moves share prices – the market's collective view of a company.