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Petrel Resources - moderated discussion/research part II
mansiep - Fri, 22 Dec 06 :
WAPIT,
£2 WILL BE A DISTANT MEMORY.
PET'S MARKET CAP WILL BE MIN OF £300M WITH HCL & ONE SINGLE PSA IN IRAQ.
EXAMPLE TO CROSS REFER YOU TO:-
MXP:- MARKET CAP £300M & MINIMAL OIL PRODUCED BUT SENTIMENT HIGH BECAUSE TERRITORY IS CASPIAN BASIN KAZAKHSTAN.
SOMETHING FOR YOU TO PONDER.....
PETS IRAQ TERRITORY IS BETTER BOTH ON DRILLBIT SUCCESS RATE/RETURNS & COST PER BARREL LIFTING PRICE...
THEREFORE PET'S SP IS LIKELY TO BE AT LEAST 10 TIMES HIGHER THAN CURRENT SP ON A LIKE FOR LIKE COMPARISON.
£4+ IS MOST LIKELY.
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