re: Ann: Garner 1 well intersects significant... Thanks SK
I agree that despite the justified anger with AMU, the capital raising has increased financial strength. If one compares its shares on issue post raising vs its P1 reserves then it also seems cheap. the long life fields are both a plus and a negative, negative as the reserve figure cant be monetised quickly and a plus as they have long term cash flow.
I will be patient but I will most likely enter in the 25-27 range IF I get the chance.
So I gather from the commentary the gas price is more important than the oil price to gas.
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