Replies to post #1195 on Deep Well Oil and Gas (fka DWOG)

[bhumiartha]

Well it's good to know 30 cents is the "foundation". I have a feeling anyone who was willing to sell at that price has already taken their profit. We know that the investor sees 48.8 cents is a good buy on this property BEFORE development. For me the real "something" will be a year from now, when Maurel et Prom has the option to exercise a $110 million investment for half the remaining working interest.
That will be the "take off" point.