“but they got lucky they found some potential zones”
Sorry to bang on about it….but…..it was not luck that found those zones. SM has put in a decade of work, years before he brought it to market. He is a highly skilled and respected reservoir engineer…..think Woodside, think AWE’s Waitsia…..he went through kilometres and kilometres worth of archived seismic tapes that Mobil acquired 30 odd years ago, they only walked away due to above ground issues. Mobil even stated “100% chance of containing gas”……SM worked this data up, acquired new seismic and has identified and defined further targets and a very enticing, basin margin, string of pearls play, which may prove analogous to the prolific Lokichar Basin which he has studied extensively. I can honestly say, in all my years of investment, I have never come across such a trustworthy MD, while there is geological risk, I sleep well at night being invested alongside him.
MAY Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
