CND (ASX) Chance of success

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3.6¢ condor energy limited

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ram01

2,242 Posts.

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02/03/22

12:56

Post #: 59925484
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Originally posted by JohnJames47: ↑

From where we are now i still cannot believe how little the market has appreciated the significance of the Sasanof Project
- 7tcf @ 32% chance of success (88% track record by western gas)
- gas prices rocketing
- drilling been approved and will spud in coming months
- easy risk/return equation

I understand that there are still key de-risking factors to be ticked off, being the last 25% of the well being funded. However, if this is funded - one would think it is a clear path to be priced correctly for the risk/return of Sasonof Prospect.

Not advice, own opinion, DYOR.

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It is definitely for our Directors to get the message out there . Our Directors obviously have better knowledge of this drill as it would be utterly insane to invest this amount of money
in this project on a whim rather than a reasoned knowledge based decision and recommendation . Come on Directors , start being proactive and back up your decision from the Board room to the market as to why this is an important step for our company !!!

Originally posted by JohnJames47: ↑

From where we are now i still cannot believe how little the market has appreciated the significance of the Sasanof Project
- 7tcf @ 32% chance of success (88% track record by western gas)
- gas prices rocketing
- drilling been approved and will spud in coming months
- easy risk/return equation

I understand that there are still key de-risking factors to be ticked off, being the last 25% of the well being funded. However, if this is funded - one would think it is a clear path to be priced correctly for the risk/return of Sasonof Prospect.

Not advice, own opinion, DYOR.

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GLV Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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