Hi Byron. It seems to me that outside of the big players, low...

Hi Byron. It seems to me that outside of the big players, low valuations apply to all gas development companies on the ASX at the moment.

The other exception is Perth Basin ASX gas developers who have generated their own hype and buying interest. Otherwise, Australians don't seem to be considering gas as a transition fuel, more of a dead legacy fuel. Most of the world values gas highly, but for the moment clever ASX juniors who have great projects ahead of them, or just gas rich ground, are almost ignored. There is a long list of amazingly cheap companies.

I've been here before. As a contrarian I need these situations, plus some sort of path to close the large valuation gap. That path here is via the planned non-equity funded development, giving a project likely to recover all of its capital cost in 12 to 18 months, from 2025. HHR ticks the boxes for me, though I did buy in a little early