Been looking into this one a little, management are clearing...

Been looking into this one a little, management are clearing deep in the trough which is concerning for a junior but the assets I agree look promising especially with the raw gas and sales gas pipeline running through the permit. Perhaps you have answers on hand to a few basic Q's
-What was the CO2 content of the gas?
-Any H2S?
-Were the wells horizontal or vertical and what was the rough cost to drill?
-Who owns the raw gas pipeline? (STO have shown willingness to work with mall operators to process and transport gas)

Have done some digging into another Cooper based co and I believe the entire junior sector is due an uplift, economics over the past few years have changed for the better in quite a spectacular fashion. While this summary is written in relation to another Cooper Basin junior many of the points are equally relevant here.

https://hotcopper.com.au/posts/26793192/single