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Valuation for Wressle barrels at 0.2p is £4.12.
Actually I'm a bit out. Dropped too close to cash per share of 0.144p this September.
For me this is only about hype on a farm out of their shale potential.
Funny how people say this was an over-reaction. 'Only 10% stake.' 'Only a tiny prospect.' Same is true for the Wressle discovery, but that hasn't stop people ramping it to the moon. Fact is, even at the day low UJO has a massive valuation per barrel of discovered recoverable oil.
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