In ground value is widely considered to be 1B per 1TCF. We own 20%. Announcement confirmed our resource will be north of high case of 1.1TCF. Even at the high case number (excluding the amount in excess of this + all of our other prospects) this should equate to a value of 220M yet our market cap today is around 150M. Am I missing something???
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Ann: Lockyer Deep-1 Gas Discovery Exceeds Pre-Drill Expectations, page-112
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