What part of PEP11 resource to be the Bass Strait of NSW don't you get mulgabill? You think Advent going forward will be the same as Santos/Ampolex looking for oil in the 90's? Reckon the gas is going to be left out there?
Peppies seek gains with due regard to risks involved and with Bruce on board to guide the next campaign as to where the gas is seeping from, along with 3D seismics and plenty of dough for the next drill, we're fine fella.
The SP today is close to its low for 2010, which IMO is undervalued given what this drill has achieved and underpinning Advent 85% ownership of PEP11 going forward.
Be interested in a stake in the Advent IPO mulgabill? You won't be getting it with that share disclosure.
my bet, page-16
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