sur retains 42.5% interest in l20/l50, onshore, page-7

There is a stark difference between the 2 JV partners:

SUR do need to raise capital in future to fully capitalise on the tenement.

CVN do not, being well and truly cash flow positive.

SUR are leveraged to be able to dilute more and I think the market knows this, so "sky high" valuations don't take into account future capital raisings and/or share dilution.

That all being said, I think nobody can doubt there is plenty of upside especially on early drilling success.

I finished topping up with a big gap between 8 cents and 8.7 cents so it will be interesting to see where the price goes from here today.. :D