Ann: FPL commences work to monetize Gas from Pathfinder Field, page-37

Its all just research Joe, I don't get anything out of it - participation in the discussion from the "sharing economy". Learn from others, see who adds value, see who doesn't.

Well done on CVN. It is "richly valued" at present given the euphoria of discovery. Some of those assessment assumption values leave little room for "risk" - and from my experience, "risk" happens (and often in E&P).

Likewise with OEL - value creation going on the back of discovery generating real cash flow at the corporate level (and presently free cash flow since material capital spending soon to start again). We have differences there too ... I hope they find something in ANS so they can sell out of it - it is no place for ASX junior and it is contrary to their strategy.

Which brings us back to FPL. Do you (and @MichaelSA) for instance see this as being valued at $10/BOE of 2C resource? That's what's being applied to CVN. Pathfinder with 35 MmBO and 220Bcf Prospective Resource or ~ 70MmBoE. The discovery well (s) have been made right. The argument ought to be $10/Boe x 70 MmBoe = $700EV .... and yet here you are being value at an EV/2C (can't call it 2C though can we ... pathway to production??? recall a presentation similar to that name I think).

Does that make both sides in the one observation?
The Bulls that $0.10/BoE is way to low and it should be at least $1/Boe
The Bears that $0.10/BoE is still to high ... how much more capital will it need to really get to 2C and then how profitable a resource is it at what price (something forgotten here but not at CVN, OEL, ...)

Should "spinner" come in for you ... then well done for risking your hard earned ... rather be lucky than right, right?