Beetaloo or bust: the route to commercial success for an Australian shale play, page-48

Think the market (ie the US as there is no insto appetite here) is waiting for full confirmation that the resource is economic, given the spotted history. Assuming we get similar flows from the next well as the last one, then we should move into full development stage, especially if work is underway on the compression facility and the spur line connection to Amadeus. Future capital raising will remain a speed limiter.

So my guess is that we could move up into 30-40c range (~A$1bn market cap) over the next 12 months but it all depends on strong execution. The next well is the reworked Amungee well, I think. Tricky one, it seems @SmallFish991

https://hotcopper.com.au/posts/71343237/single

https://hotcopper.com.au/posts/69745724/single


So as Macquarie said in Feb:

Outperform. Strong IP30 at SS-1H was an excellent result, very encouraging for Beetaloo outlook and should raise industry profile. Longer term flow rates will be important, and more progress on the capital structure for the pilot project may be needed for a market re-rating.

Texans need to deliver. Another one of these and we’re well set: