Auctus Advisors latest analysis is out with $1 target:
Intervals with good hydrocarbon shows clearly correlate to either fractured zones or zones with vuggy porosity. This provides reassurance as to the consistency of the interpretation. The zones with the best characteristics within the ~356 m of gross already represents a total of ~40 m. This producible area could be much larger as it does not include all the zones with good characteristics.
Our ReNAV is unchanged A$1.00/sh. Our Unrisked NAV for Welchau isA$1.55/sh.
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