* 95 mm in cash or approximately 30 cents in cash
* 1P pre-tax NPV of 430 mm $US at 17 mmbo/e or $1.33
* credit facility of app. $130 mm for development purposes.
* will need more cash than that to develop all three of their plays but they can either farm some out or get an increase in their credit facility.
* heck.....take the above cash and 1P value (pre-tax) at $1.63 and risk it at 50% and you still get an app. double from here to around 80 cents.
* too easy and the chart is starting to show it......just like SLG did when it broke out from $1 after accumulation was over.
* once this thing rings through 50 cents.....bye bye.....easy double from here!
* all a man has to do is wait and then cash the earnings in....imo.
Use or flush......OJ