This company is currently drilling a very large heavy oil field in the north sea.

First results show 113ft oil pay which was 40ft bigger than first anticipated making the oil in place at almost 900mm barrels. Recoverable oil is now estimated at over 200mm barrels which would make them one of the bigger players in the North Sea.

Wellington west just gave them a 12 month target of 5.40, up from 2.40 (2.58 right now).

The chance for success was set at 70%, the oil is there, they just need to prove the commerciality of the field.

Risky, but could be worth a few dollars to anyone willing to take that risk.

DYOR

Andy