RE: target 10.00 CAD ;-)Project in the North Sea has 600,000,000 Barrells of oil.
GUL holds 11.25 % on this project.
That are 67,500,000 Barrels. Now multiplicate this with 15 US-Dollars per Barrel, and you have a marcet cap over 1,000,000,000 US-Dollars !!!
Actual marcet cap is 22,278,228 US-Dollars!
Compare 1,000,000,000 USD and 22,278,228 USD, and there is a target that is much higer than 10.00 CAD Dollars!!
It´s a multiplicator of round about 40 !!!
GO GULF GO