Just listened. Really wish I'd still been down in Melb as I would have gone. Unfortunately flew to Brissy for 2 weeks on Monday.
Tend to agree Hendrous the reaffirmation of exit target was positive. And it seems they are excited by the bench B well. And given my back of the paper thinking a IP rate should be due this weekish maybe they know a little more.
Confirmation that the first bench A well is uneconomic is not really a surprise. Slightly concerned that the second one also seemed a little iffy. We'll have to wait and see, if it has reduced declines as per approach bench a wells this may improve metrics.
I might write an email enquiring about perhaps including more update ROR models on the Barnhart wells. Also would be interested in a timeline for the reserve release and perhaps capex progress. Would be nice to see cost per well drilled so that we can see their cost containment.
GLTA
MPO Price at posting:
42.0¢ Sentiment: LT Buy Disclosure: Held
