Ann: LESS THAN MARKETABLE PARCEL SHARE SALE FACILITY, page-47

I don't think at this point CE1 is significantly underpriced... as they do have pretty high CAPEX/OPEX to maintain production levels .. and a history of not meeting targets and selling assets well below costs and base valuation.

I'm thinking more so higher Energy prices will lift all operators and CE1 being a minor Micro cap could catch a bid for those retailers wanting a spec energy exposure ...

22Mmboe 2P reserves give some backbone to valuation and maybe T/O target going forward to a more successive operator in the area

Core Nav based on the company’s 2P reserves only is A$0.28 per share