Decison Time I have reached my short term price target , fighting the urge to take profit as it somehow seems that the market is starting to understand that reserve replacement is almost a given at reasonable cost.
Will have to take it day by day over the next time period if oil holds these levels the terminal value of this company is north of 2 billion dollars IMHO(assuming reserve replacement thesis).
Risks to upside
1) Bad acquisition
2) organic reserve replacement doesnt pan out
3) Oil price retreats
4) Remediation proves to be more challenging then model
Good luck to all never return without risk due diligence is always best done by yourself