it wont be wrth 50cps but it may be 5-10cps base case.
UPside is still the cash being thrown off by existing producers. Company obviously not in a hurry to demonstrate to the market the potential a combined Hoffer/Hermes adds to its other wells.
Either way with ARW written down and debt/D&A etc decreasing the vhigh oil/gas spot prices will feed thru into a vsignificant NPAT increase.
DYOR
it wont be wrth 50cps but it may be 5-10cps base case.UPside is...
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