from twitter29 Oct 2018 08:38
Current price: 8p (Market Cap: £5m) Target Price: 25-30p (200-300%) in next 4-6 weeks on test result. Risk Level: Low Currently, Live Test has commenced over the weekend and result is expected end by Nov by i am targeting to be conservative with timing. Well is targeting 126 mbbls recoverable oil, with cost of $20-30 per barrel. Test has first conducted by BART in 1980 and it was successful but due to oil price environment at that time, it was not commercial. TomCo is testing same technology again and very likely it will be successful. $30-40 per barrel profit for 126 mbbls = $3.7 - 5 billion worth. Even if we apply discount, NPV is more than $20/b, = $2.5 billion. Current market cap is £5m and potential of over billion on success case. I am looking for 25-30p on successful test result by end of nov to early dec. Company is looking for cash and expecting fund raise v soon but I believe it won't be big. Historically, company raise fund around £200-300k. I can see fund raise will be in the same range and won't be surprise if it goes at premium due to high demand of the share. Pre-Commercial will start in April 2019, and company will start producing from pre-commercial phase and full field development in 2020. My Target price on the test result: 25-30p (£25-30m market cap) v conservative estimate. DYOR! Good Luck