Value Microcaps Junior Energy

[farwest]

Digi- MMT.

I heard p/l max available capacity from Agip is 21K. Am I misinformed? Your numbers assume much higher thru-put. I'd be happy to be misinformed.

While I agree with you on COS of U9 (imo, could be the most important well they'll drill in their history), MMT has cobbled together several sets of seismic, so my confidence in their interpretation isn't all that high (I still remember their first spud - which they missed the structure - ugh - and which caused years of subsequent pain due to lack of cash flow/low share price/lack of market confidence).

Clearly a breakout today. Something is definitely up. Hopefully the conclusions of the p/l deal.

MMT should be pushing $1 right now, even with current subdued market valuations. If U9 comes in, $2 is very realistic.