EXR Trading 2021, page-7173

Take a look at Arrow energy, they were taken over around 2009 I believe, $4:50 ish a share, approximately 5 tcf in the Surat basin, they had a lot of infrastructure and a power plant, pretty sure the T/O price represented a market cap around $4-5b. It’s a long journey, they were operating since the 90’s. Flow testing de-risks the investment, but there’s definitely a long road to get to the $1 plus SP, 40-60 cents should be achievable in the medium term as they prove more reserves/commercial viability and inflation pushes commodity and asset prices north.