Wild horse potential28 Sep 2018 08:13
Wild horse basin is targeting 480 million barrels of oil. The size of the basin and that it's onshore comands a higher price per barrel in the ground 7$/ £5.35 a barrel compared to offshore.
In money terms it equates to 2,568,000,000 pounds worth of oil.
The market won't give us anything like that on a strike. But I believe they could give us 10% of the value of the oil. So 257 million pounds divide between the 662 million shares in issue.
So 39p/40p plus on top of the share price at the time of the strike.
Plus oil is expected to go even higher because of sanctions on Iran kicking in was it Oct or November?
In it to win it.