I did mention some macro analysis. The oil price chart above shows that the oil price will go up. Even the prediction of the world bank (most negative prediction) shows an increase of the oil price for the future. If the company is ready to drill the price will probably be higher than at this moment and even with lower prices than now (like $30-10) this company's oil fields are still profitable. Also, a share of a micro-cap oil explorer is less affected by the oil price and more effected by its explorations.