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