GREY:GRDSF - Post by User
Comment by
CalifDreamingon Jan 13, 2011 8:00pm
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Post# 17969453
RE: RE: Action
RE: RE: Action~$5 from Kurdistan is realistic IF they have top success and find ~750MM bbl discovery with further appraisal drilling. Even if they have success, will take a few years to get there and at least another round of financing.
6% of 750MM = 45MM bbls net to GSA. At $10 bbl, that's $450MM potential NAV = ~$5 share.
Add in potential from Guyana (potentially more valuable due to bigger ownership, better fiscal terms and ability to get into production sooner) and GSA "could" be a $10 stock.
Egypt is a wild card. Could be worth a few dollars a share, but with SDX recent Kom Ombo disappointments, I am less enthusiastic about their chances. That said, they are carried for 3-4 exploratory wells, so have a chance to find something w/out any more expense.
That said, I'd be happy with a lot less than $10...