Not taking any value away from these amazing results today… but valuing the potential SP or market cap based on what the gas is worth once delivered to market isn’t accurate. The $ value of what the gas is worth in the ground VS what Petrochina will offer to buy out the project will be significantly different. Still massive. But significantly less.
unless TMK and TPD go all the way (unlikely) to production and sales etc…
When will Petrochina step in/what will they offer? Huge questions right now. Exciting times for this undervalued beast. GLTAH and congrats
Ann: TMK: 1.2 TCF Contingent Gas Resource (2C) Independently Cert, page-42
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