Game Changer

Amazed that SP has only risen 3 cents or so since this news. That is a capitalisation increase of about $20 million (673Mx.03c) for a reserves upgrade alone of 315 PJ (4.5B at sales value) and at least 200PJ more  then expectations.

Before the annoucement there was still risk that the geology could disappoint. With the annoucement comet is massively derisked. The reserves are certified at huge levels.

This company is massively undervalued, the current market cap of $200M (@30c) for quote the " the largest undeveloped gas reserves on the East Coast" right next to Gladstone pipeline is a massive contradiction.

I can see this moving towards 50 cents (which would be a cap of $336M) even before any approach. That would still be a fraction of the proven reserves value. I got another 150k today from clowns that think 29.5cent is a good price to sell this stock.

Good luck to all.

Thank you.