IMO this is an absolute company changing announcement for the next couple of reasons...
Let's take a look at the "LOW ESTIMATE" on all of these (as per the report)
- Net CSG Resources in EP5/07-8 & Backreef = 2.32TCF
- Possible Potential Unrisked Gross Shale gas-in-place EP5/07-8 & Backreef = 54.5TCF
This is the low case...
Market Cap of c. $7m... IMO there is only one way this is going & it's up.
If we were to apportion $1m Mkt Cap to 1 TCF of resource, the stock price would be north of 40 cents!!
company changer!
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