Canaccord genuity26 Aug 2018 14:47
Have done a report on another explora hitting oil.
Turns out oil in the ground value is 5$/£3.89 for discoveries about 150m barrels.
For bigger oil discoveries 400million barrels is 7$/£5.45 a barrel.
We are drilling for 850m barrels of oil.
Snow leopard 90million barrels
☆ Wild Horse 490 million barrels
Red deer 48 million barrels
Gazelle 13 million barrels.
☆ Fox 200 million barrels
Based on 5$ a barrel. Gives us a share price of £5 a share.