comparison29 Oct 2018 16:46
88E had £30mil Mcap before it went on a run to over £150mil mcap on discovery of oil 2yr ago. Oil price was $35/barrel
TOM has £6.9mil Mcap currently. 126millon barrels JORC of oil. worth $10billion. Oil price is $78/barrel now
TOM should be sitting £25mil Mcap now.. should be £33p and ppl know it, hence the buying here today, exposure to the masses is what has pushed this today and will do over the next few weeks.
Low risk, good news on testing will see this £50mil+ Mcap with oil where it is now. make no mistake