Well stated bello.
The market is missing the point with this play. It's an asset play, not a cash flow propositon. Yes the flow rates are important and cash flow blah, blah. The value to be paid for this Company will be based on 1P (proved developed and proved undeveloped) and 2P numbers (probable). This is why the infill drilling will be important factor. Even without further upgrades to reserve numbers, Patersons has it valued over $1.50.
I don't believe the fundamentals with this stock have changed at all, neither has the timing.
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Well stated bello. The market is missing the point with this...
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