re: information needed ACTurtle,
Karoon doesnt have prospects right now, it has leads. They need seismic to work up.
If you check Nexus' share price after the Apache farmin, or the Woodside farmin for Hardman, but before drilling is definite for sure, then yes it's overvalued.
Global are another data point - greenfields offshore, partner but no definite drilling.
So, yeah, I think they're overvalued.
Especially given Pancontinental's history when Woodside dropped out after the seismic.
Finally, by all accounts they are gas targets, and may therefore take 5-10 years to monetise, although BG may do a buyout before then.
Ian Whitchurch
information neede, page-7
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