Ann: Rising oil prices - Hedging Update, page-58

IMO, CE1 is significantly undervalued.

I am still accumulating, as buying in today pretty much allows me to receive a 10% to 15% return on investment within the next 3 weeks (through the capital return, as per details shown above).

Beyond that, there is further capital to be returned to shareholders in January, and additionally, i will be buying into a company that:

- has just announced very positive news surrounding the drilling campaign of 3 new wells.
- has an annual revenue of AU$ ~ 98 million per annum.
- has a market cap of AU$ ~ 58 million dollars.

IMO, there is a lot of upside potential here.