re: Ann: Tingu 1 - Significant Gas/Condensate... Looking for a...

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  1. 10 Posts.
    re: Ann: Tingu 1 - Significant Gas/Condensate... Looking for a decent KPL.AX shareprice kick here...

    HZN.AX holds 27% of PRL21 (post Osaka Gas farm-in) and they have rallied +A$0.04 per share on the news today. This equals an increase of +A$52M market cap (basis 1297.45M shares).

    KPL.AX holds 15% of PRL21 thus on a pro-rata basis (relative to HZN.AX) I would expect a +A$29M market cap increase, which equals +A$0.13 per share (basis 220.27M shares).

    Always good to see positive drilling results.
 
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