target price I have been following this play since the canmex days and I believe the oil column of sev eral hundred feet is there. If it is and flows at the same rate as the Yemeni plays across the strait, the flow rate should be up to 20,000 bbls a day initial rate. The Occidental wells were quite remarkable when they blew in back in the 80's. I know a couple of guys who were working on that side of the strait back then. I only pray that the Puntlanders manage the resource and share the royalties with the people. that is the only way that this play will succeed.
stock price if the above happens could easily be 10-20.00. I am thinking of the Heritage oil price when they hit over in Kurdistan. they zoomed to 12-14.00 from a dollar.
Comments are welcome.