RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Does Anybody Recall News on This?Short answer is no, it doesn’t change my view.
If POE gets up to 2000 bopd net with these three wells, they will be around $40 mm CDN cash flow. At 4 times that is almost $3 a share and 3 times is about $2.20 a share.
I am pretty comfortable with their base production, so I think it is close to a free option on Anngun. This makes it low risk -high reward in my opinion.