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A developing fully-integrated energy company whose focus is on operations in Papua New Guinea and its surrounding region.
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iluvioc (< 20) Submitted: 1/16/07 5:52 PM : Start Price: $25.51 IOC Score: -18.64
Sitting on the biggest gas field ever discovered in the PNG
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golfdoctor (49.73) Submitted: 3/17/07 6:41 AM
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definite crapshoot, except upside far exceeds downsidethey already found natural gas. so there is some value to their assetsbut if they find oil, stock would be worth at least 5 times its current levelsshould be finishing the drilling on the next well within a month or twostock has held in the low 20's on no news for quite some timejust look at the gap up when they announced they were starting to drill - 5ptscould you imagine the gap up if they find oil - 50 pts
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TMFEldrehad (99.99) Submitted: 6/29/07 5:01 PM
The way things are going lately, it looks like you might soon get another opportunity to get in at 50 cents a share.
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