Yes it is almost humourous. Galilee energy (GLL) with no proven reserves relativily small Galilee tenements. Market cap $126. Comet has huge Galilee reserves proven up and certified plus massive productive tenements plus sandstone gas partially proven and shown to be on tap. Comet market cap $250 which would be justified alone by Galilee assets on this basis.
But we know that the in demand and pipe ready nature of Muhalo has got to be the bulk of our value. Certainly looks like Santos have quietly picked up 4.9% of this stock and the other partner Aplng is starting to look short after buying Ironbark for 655M is not being as productive as expected. The $655M they paid was for 249PJ. If you do some maths comet is worth some big bucks. GLTA
Just A Thought....., page-18
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19.0¢ |
Change
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Mkt cap ! $210.4M | |||
| Open | High | Low | Value | Volume |
| 18.8¢ | 19.0¢ | 18.3¢ | $210.7K | 1.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9142 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 142409 | 1 |
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