Thanks Stevie- I took it upon myself to read hartlys reports and others on their website- Arrowsmith 2 looks promising with excellent gas flow rates- Looks like the market is heavily discounting EP413 Prospect which is good if they confirm their findings and of course will be a shareprice catalyst
The independant resourse evaluations estimates were off the chart for gas recoverables and i recall reading they have a substancial land holding in Perth Basin
Not bad for a small market cap company
Also the potential for exposure to easy funding from strategic farm in propositions from other oil and gas plays if necessary to raise capital is a BIG plus- not that we would want to share if we dont have to but plenty of leverage options.
Cheers BT
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