Well this thread has gone dead but I guess the announcement today justifies its price. Strong gas shows next to existing infrastructure (low transportation costs when in production!) and now a lot of momentum to test the fields further.
I also note the selling side has run short - just 10 levels deep. With nearly 400 trades today and only ~25 offers its looking like a new floor has been established on the back of fundamental success.
Is there anyone out there who can offer an opinion on the value of their find? Have they released enough information to be able to value it at this stage?
FYI: I am in recently at $0.53 so I am happy with the 30% gain but finding it difficult to get a bead on asset/revenue value - hence my hold position - I need more information.
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- confirms it's sitting on gas & infrastructure
confirms it's sitting on gas & infrastructure
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