Your probably right about the current valuation now being around .045c, however if we get good flow rates and net revenue is good, I can see 5c plus. Later next year when seismics are done and further prospects are found, 10c IMO is very possible.
Bridgeport has vast interests in the Cooper/Eromonga basin with interest ranging from 2-100%, an additional 25% takeover of MEL for the Vali/Odin gas project would be a perfect fit for Bridgeport, would defiantly not rule out a takeover from them, particularly considering they would be getting a bigger cashflow straight away from it. While the takeovers of NWE and WGO will have to wait years for any cashflow from their targets. Below is a map of their acreage in the Cooper/Eromonga basin:
Ann: Vali Project Commissioning Update, page-21
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