Some research to shareMarket Cap post rights issue:- 22mill at...

Some research to share

Market Cap post rights issue:- 22mill at current SP
Cash in the bank :- $8.4 mill
net revenue:- $2.76 mill per annum
set to increase any day with Joan well soon to join sales
"some bloke has to sign a paper?"



Using $8.3mill to develop further revenue through multiple wells at heintschel where low reserve recoverable estimates recently more than tripled in size!! refer to ANN 10th March

initial estimate:-25.6 bcf updated:- 73.4 bcf
initial estimate:-0.465 mmb updated:- 3.1

On top of all this they have the huge 600bcf Woppa project
that's a very large reserve for a 20mill MC company keen to see what working interest ect comes of this one

I agree Angry the story warrants much more attention with these great projects,cash and a real plan for solid revenue
in the short term

currently trading below rights price due to upgrade ANN going unnoticed in a market where fundamanetals go out the window and emotion takes hold?

Possibly a great entry point for a such a good story worth some research IMO


DYOR
Turbo