I will not say who it is from....Yeah – these guys seem to be one of the few that can make money in the states – similar to STX and RFE in some ways. Hard to garner local interest for some reason. If you had a well like STX and BUR have in the US but it was located onshore Perth flowing 10mmcf/d and expected recovery of 5bcf you would get more value for it even though our local gas price is half of that in the US… Go figure
This recent well also has implications for ADIs Austin Chalk play and is part of why their share price jumped the other day.
The Austin Chalk is riddled with corpses and the OZ market has little interest it seems
ill not say who it is from...
i asked an analyst to look at it...iam in
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