New Revision to Valuation by WA share broker An acceleration to...

New Revision to Valuation by WA share broker



An acceleration to development of the Eagle Ford and Mississippian assets through the Dec H should have substantial bearing upon group production growth. Recent Eagle Ford well results, combined with high working interests, imply a sharp uptick to a Dec 31 exit rate of 5-5,500boepd from a Jun Q’ly production av. of 2,381boepd. We have reviewed our valuation in light of the recent operational update: Our valuation increases to A$1.72/sh. Buy.