Huge result....Blew my expectations out of the water and I thought they were high!!
It is now a certainty that next month we will become the oil and gas company with the largest liquid 2p reserves on the ASX, blowing away the likes of WPL, STO and OSH....
With reserves like that I suspect NASH may be the focal point for increasing production as rates are not capped...
170-200mmbo 2p looks highly likely when Boling reserves are released...IMO at a very conservative $5bo 2p we should be around the $2.50 mark in the next few months. Could even see get close to $2 before Boling is released..longer term I would expect the market to value up around $10bo 2p to take into account management and further growth, so that is around $5 per share..
Nice work MAD management!!!!!
Cheers
- Forums
- ASX - By Stock
- FDM
- news release
news release, page-8
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)