the deal they just signed with Beach Petroleum being a 50%farm-in for one of their projects was for $50m which is more than LKO's current mkt cap
so arguably by extrapolation LKOs 50% of PRL2 is worth its current mkt cap
so what about its other areas?
LKO holds a very dominant land holding in the Sth Victorian Gippsland area which in time will become vital for supplying Victorias growing energy needs