Kuniko Limited, page-930

Top End Energy is listing today at 1pm AEST, it’s Dave Wall’s new oil & gas play and S3 Consortium (Next Investors) are substantial holders at 5.2%, so it’s no surprise the company has realistic low carbon targets as well as a helium & hydrogen angle. The tenement packages have enormous upside given the tiny valuation ($8mEV). In Queensland they have had two previous successful well drills into known underlying gas basins. In Northern Territory they have a mammoth 160,000 square kilometres with some of the projects having the likes of Santos and Origin as neighbours. There has been extensive drilling and flow testing by regional players that were tremendously successful and heavily de-risks the projects.All macro conditions point in favour of TEE listing at the perfect time, with natural gas prices sky high and futures even higher. Europe has announced they are actively seeking gas from Australia, the federal government is supportive of exploration and the industry is desperate for companies with a sustainable approach to support the energy transition. Top End Energy is committed to achieving net zero emissions. Inyati is a top notch broker, this should fly!