We'll the price of the stock is definitely undervalued and being rerated. Who knows?
Let me get this straight we have 100+TCF targets in the Bonaparte Basin and 1-5 billion barrel unrisked oil play in Morocco we're a $50 million market cap company.
Karoon Gas has 4 target's totally 20+TCF and their market cap is $700 million currently and was $1.4 billion pre-drilling. Having 266 million in the kitty also helps :-) although i think they raised that when the stock price was around $7.
Sure a company like KAR has a partner and was previously associated with Ken Talbot giving it credibility however the TPT opportunity disparity is huge using KAR as benchmark.
DYOR
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