Chris, absolutely I hold PES, but I also hold an almost as large stake in Arrow. I would recommend that you have a look at the permits that Pure hold and consider how much seismic they have shot as well as how many wells they have put in. The tenments are largely unexplored, however by similarity to other areas that are drilled up there, it is quite possible there is an even more significant resource than most people expect up there.
What was the contingent figure they put on the Dingonose nd Duckworth find? was it 4000 or 5000 PJ they had ON TOP of the 3P 1200PJ? And think that only included ATP806. You dont have to be a genious to realise that this field extends well into ATP758, their largest permit.
Would highly recommend you do some research on Pure tenements. AOE could easily pay a lot lot lot more for this bad boy and still walk away very much on top.
Cheers,
SF
AOE Price at posting:
$2.73 Sentiment: Buy Disclosure: Held
