Gulf United Energy (fka GLFE)

[OhManIDied]

I did some quick calculations to compare BPZ and GLFE.

BPZ has about 117 mill O/S, ~221.5market cap, @ $1.88/share

Assuming GLFE is still around 1.6 billion O/S:

GLFE has 13.7 times more O/S shares and the price target if we start pumping oil should be somewhere in the ballpark of 0.137/share - or - around 22.5 times higher than the ASK wall at 0.0061.


If GLFE has 1.9bill O/S: (as someone else here postulated long ago)

16.2 times more O/S, price target of around 0.116/share - or - 19 times the price of ASK wall @ 0.0061


That's a nice risk:reward if you ask me, especially as it is inevitable that GLFE finds success if they keep at it.

They are certainly making the right moves in the right places.

GLFE