TSXV:CVI.P - Post by User
Post by
maxamillionon Nov 03, 2007 1:08pm
468 Views
Post# 13746187
Any day now,,
Any day now,,While initial drilling
and well-logging data is encouraging, flow testing will be required to determine if
there is a commercial discovery. Full results are expected by the end of October.
Our $9 price target is based on 1.0x our risk-adjusted NAVPS estimate of $9.07,
which includes $0.80/share for the Malik prospect. We estimate an unrisked NAV
upside of ~$4/share from Malik. We will revisit our NAV upon receipt of final
results.
I think it's guna be a moonshot?
max