RIFT OIL, Drilling for Oil in Papua New Guinea

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soulsauce - Thu, 28 Dec 06 :

There is some amazing lack of understanding on here, I mean what is this comment all about:-

"jimtid - 28 Dec'06 - 14:33 - 6579 of 6604

This one is only a baby oiler, cant be given any serious consideration."

So don't consider it and go and buy BP or Shell.
The fact is this is an oil minnow (with a much bigger partner Austral) with a significant find in a very prospective area with the potential for serious upgrading on this prospect, Puk Puk and the adjacent licence just won.
With a market cap of only just over £10m I suggest there is a potentially large upside with very little downside.


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