the future12 Feb 2019 12:17
We all know the potential here, we all expect the share price to catch up on official news which by all accounts is expected to be excellent on several fronts. At 10p a share we are baseline and bordering on the ridiculous, DS has said so much himself. Each of the following pieces of news has the potential to add many pence which I truly believe will get us above 30p over the next few months if not higher. A 3 bagger from here could come very quickly and will just be the start imo, this is based on:
- CPR (at 300mmbbs its 50p instantly in value at least, and possibly much more)
- New acqustion
- 10m/acreage (either/or good but a preference for me would be 5m and 15% to pay for 104)
- flow rates (if 1800bopd as touted its also 30p instantly)
- 104 spud (how exciting will this be and what coverage it will create, SPs thrive on 'buzz' and every man and his dog will jump in)
- additional exploration of our acreage (could hold 1 billion barrels+ or more based on our neighbours!)
- off-take with super major
the beauty here is that there are plenty of short, medium and long term catalysts to add value and hold interest. Its going to be a great journey for those that stay the course. Long and strong and ignore the noise and daily fluctuations for the next year at least. SL