1 bagger, page-65

I think a lot of people misunderstand the repeatability of shale oil, and by now they shouldn't. You can "extrapolate" out a small 5000 acre holding in shale due to predictability once de-risked like Birch has been already by HK.

You cannot compare to a junior O&G conventional hit and miss play.
Totally different. Lower risk, but much lower returns, but virtually no dusters once proved.

An NPV is easy after a year of results