If 60Tcf of gas is indeed recoverable, this share is worth as a minimum $3/share, repeat minimum. And that is at just 5 cents per GJ in the ground.
At 10c per GJ in the ground, it is worth at least $6.
IMO that is just too much gas for the majors to leave at the current valuation. I expect a major farm-in or T/O within the next 3-6 months.
Regards,
OK
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Last
$1.36 |
Change
-0.003(0.18%) |
Mkt cap ! $3.119B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.38 | $1.36 | $631.7K | 462.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 94770 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 62485 | 30 |
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| Last trade - 11.07am 18/07/2025 (20 minute delay) ? |
| BPT (ASX) Chart |