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Author bioking     View Profile     Add to favourites     Ignore
Date posted 2014-12-02 15:02
Subject Todays presentation 
Opinion Strong BUY
Votes for this Posting Voted UP 1 time.
Dennis gave a presentation to retail investors today. Apart from being glad he did the farm out to India oil ( impossible today !) putting him in funds it also provides top Indian geophysicists and a program has been agreed . The central processing facility at 61 can cope with c15,000bopd and production from 61 is agreed with IO and increasing - but not to be seen until next year when there should also be news on 67- My hope is 2,500bo for current year but I think that this is optimistic
The net P2 is 72mmbo with a potential uplift to above 300mmbo POST farmout which at present market price means 60c a barrel in the ground or 10 shares per barrel !!!!!!
It really does look as if - at long last - production should get going
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