Oil nearing $100 per barrel. I have always liked the fact that...

Oil nearing $100 per barrel. I have always liked the fact that they have a proven quantity of oil at Gwydion, the previous 1995 BHP discovery. Idris is the main event with in excess 100mmbls potentially, but circa 8mmbls at Gwydion is handy at $90pb. Even a net return of $20 pb is $160mil from Gwydion alone.

Considering the minuscule market cap the upside is enormous.

From the 2021 annual report:

“As it relates to other initiatives, and as mentioned above, the company could apply for a production license or a retention lease over the pre-existing Gwydion oil discovery in WA-424-P as a fall back strategy should a proposed drilling of Idris not occur or prove unsuccessful”.