My advice, for what little it is worth, is to ignore them....

My advice, for what little it is worth, is to ignore them. It's all noise at the end of the day. If they are right and there is a CR, they will make a few million. If they are wrong, they will lose a few million (or more). Either way, we are still holding our equity that will eventually be priced accurately one way or another.

The mispricing is so large for all to see. When Hancock purchased 50% non-operating interest of EP469 for 440mn, local gas price was around 5-6. It is now 8-9. So at worst case, our 50% operating interest of EP469 should be worth at least 440mn. If Walyering is only worth 120mn (1.5 years cashflow), and everything else (OH, Booth, Arrino, Kadathinni, Eneabba Deep, Precinct land) is worthless, then I have a bridge to sell.

The challenge is for the management team to try and do something that will bridge that mispriced gap.

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