Can't comment on charts or P/E ratios, only what I actually see going on around me in my local and City bars and that's the massive increasing popularity of MAGNERS Cider. It's the main reason behind the growth in CCR but they are only just beginning the advertising campaign to accelerate their market share.
I never liked Cider but this is a really nice drink and when the Summer comes the demand will explode.
Sorry Cockney if that's not enough to see me past the 'dipstick' label !
and I'm not pissed on the stuff.
"The resulting acquisition now means that the P50 (2P) reserves of Imperial from only the five fields independent assessed by TRACS increases by 8 mbbls to 228 mbbls. Net present value discounted at 10% (NPV10) at US$30/bbl increases by US$25m to US$623m. NPV 10 at US$40/bbl increases by US$36m to US$898m and NPV10 at US$50/bbl increases by US$45m to US$1,154m."
As you know Oil is currently trading at US$60 which puts their NPV at approx US$ 1.3 Billion........Now the punchline......their current market Cap is
US$ 320mio !!!! and production starts end of 1st Qtr 2006.
This is only a small part of their exploration and reserves upgrades and new drilling results will be coming soon thick and fast as their aggressive Winter campaign is well underway.
