Forgive me if my back of envelope maths is wrong but using tested flow rate (improved condensate flow) and financial model on 29 November announcement (converts 60% of revenue to EBITDA), then using your diluted share count we have say 12.75cps earnings (which is essentially de-risked as it is about to flow), which equates to a PE of........4
IMO the free cash flow from this well alone supports a much higher SP.
Please do your own research. I generally need to use my toes after i go past 10.
HOG Price at posting:
52.0¢ Sentiment: LT Buy Disclosure: Held
