re: Ann: Acrasia 5 Development Well - Progres... cracker of announcement!! Their recent drill results hve been fantastic!
990 barrels P/D!!!!!!!!!!
70% of that is their's!
thats 693 B/P = 250,000+ barrels per year. Add this to W7 and the other drill results to come.
I know long term reserves may not be massive, but this stock is surely well undervalued now. Not even considering hte blue sky potential of the Shale / coal sm gas. oh, there is the small outstanding issue of the fuel depo to be confirmed shortly.......
Surely a rerating to pre GFC share price is now on the cards!
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- Ann: Acrasia 5 Development Well - Progress Report
Ann: Acrasia 5 Development Well - Progress Report, page-2
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