Post by
endinsight on Feb 27, 2020 12:07pm
INDO Potential looks impressive; but can they deliver?
What are your thoughts on the potential here?
https://pr.report/sDazhQ3e
The KRUH block is locked in under Joint Operation Partnership (KSO) with Pertamina until 2030. INDO has approved work plans that include 6 wells before end of this year (increasing cash flow) positioning the company for further exploration in this block.
Are there any holes here?
COVID-19 and global demand are increasing downward pressure to Brent oil prices but once the virus problem dies down and US/China trade deal progresses to resolution (both expected within a year) this stock could give a great return for longs.
Comment by
copperplay on Feb 24, 2022 10:55am
I am predicting a take out of $20 per share with very low float Excellent management team and stock held tight about 80% owned by insiders
Comment by
endinsight on Feb 24, 2022 2:17pm
Nothing reported of late; but they've followed through on plans and progress. Now, if only SNV would do the same....
Comment by
copperplay on Feb 25, 2022 9:44am
some major changes coming over there