A shot at a big payoff.
So much to like. Great technical team. Really nice wells, prolific, good reserves. The money to drill!
They actually have money to drill! Pretty much debt free, almost self funding play.
Big reason to own it now? The spud last week. The target is a new field, potential 15 mill barrels, imo. With upside. Pretty defined structure, on trend, if it is another 15 mill b's, the stock is a double. Ya got to own it for this drill.
Downside is kinda low, lots of cash available, decent production and cash flow, it is bombed out already so I call it a must own, pending drill results. Within two months we may know.