RE: RE: RE: RE: Great Day"If they keep moving forward as they have, then this has legs. 5000+ barrels a day well, if they hit two more, prove the field then $20 is not out of the question."
First 2 more wells are not going to delineate a 60 km structure. Your going to need closer to 8 wells. 60 km arieal extent is very large. 2nd if the structure contains say 140 mmbo (2P reserves), your looking at 1.4 Billion in market cap @ US$10/bo in the ground. If it was in a western country it would be in the $15/bo in the ground, but the "Stans" have some percieved political risk and the netbacks in thouse countries are not what they are in the west so they get a lower valuation even though they are light oil barrels.
Thats $7/share diluted. $20 is way too optimistic. Now with the other structures surrounding Doris. That is a possibility that only time and some luck will tell.