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Re: QPN - Quest Petroleum

 

Not to much argument there, except I don't go to the casino, I leave that for dice throwers.

Being on the right side of knowledge and in front of the pack instead of chasing stocks reduces risk greatly. Takes time in researching data, but it takes the "casino" and emotional knee jerk reactions out of the decision making.

With me it is simple they either have something or they don't. If they don't I move on, if they do I take a position provided the entry point is to my liking technically. That massive gap above QPN made this an easy decision when it was unloved and flatlining. The FA was telling me it was a screaming buy, the TA told me nobody was watching.

Far from a casino decision.

Also to be quite candid, the sceptic in me tells me there could possibly be a pre-CR pump when the time comes. Safe to say I believe we have all seen this on occasions. It may or may not happen but let's see once drilling commences and they strike gas. The latter is highly probable at Ranau, just a matter of how much they hit and it certainly would help things along.

I have seen some valuation outcomes done on QPN and disregarding the massive upside, the mkt cap should be at least $40m on what they have in hand now. If they strike gas as expected then the numbers are mind boggling for a minnow like QPN. I will try to dig up some information on this from those doing these valuations and post here.

Although I know the figures being touted as a target sp, I won't post that until I can get more information to justify it. Suffice to say it would take a major gas strike such as that of nearby Pertamina has done recently, within 50kms of Ranau PSC.