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Prominence Energy Ltd

ASX:PRM

Last Price:

$0.002

Our Investment Summary

Date of Initial Coverage

13-Apr-22

Initial Entry Price

$0.011

Returns from Initial Entry

-81%


Our Big Bet for PRM

PRM to have a significant share price re-rate upon the successful drilling outcome of the Sasanof-1 well of which PRM has a 12.5% stake.

There were no commercial hydrocarbons detected at the Sasanof-1. We are holding on to our PRM shares in the hope that the company finds another project of interest. We may sell out of our PRM position to free up capital for other investments.


Investment Milestones for PRM

✅ Initial Investment: @1.2c
🔲 Top Slice
🔲 Free Carry
🔲 Take Profit
🔲 Price increases 300% from initial entry
🔲 Price increases 500% from initial entry
🔲 Price increases 1000% from initial entry
🔲 12 Month Capital Gain Discount
🔲 Hold remaining Position for next 2+ years

Latest PRM Articles


Articles Mentioning ASX:PRM


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