#258361
Postby Proselenes » October 17th, 2019, 3:49 am
Going to be a lot of churn as the recent placing shares at 0.7p are sold at 5% to 15% profits.....but once that overhang is clear the upside is staggering.
480 MMBO net potential to 88E from Charlie-1.
480 MMBO x 4$ in the ground sale value is 1.92 Billion dollars.
1.92 Billion dollars divided by 6.332 Billion shares in issue is 0.3 US$ per share value or 23 pence per share......
Current price 0.7p a share........upside from Charlie-1 well 23 pence a share....... based on sale at 4$ per barrel on success.
This ignores everything else the company has, including Shale rights, other prospect, other targets........
Alaska has infrastructure and production, all the big players are working there already Repsol, Conoco Phillips, Armstrong etc....
Is there any other stock that has this tremendous upside potential in Q1 2020 ? Nope...........not in my view.