Over 40 Mil pa...approx 30Mil profit. 1 Well only... Mine life 8...

Over 40 Mil pa...approx 30Mil profit. 1 Well only... Mine life 8 years approx. So Management instruct. Well worth the MC of 140Mil. It less than PE 5. 1 Well only.

I gather lot of discounting for sovereign risk when it should not be discounted as much. We pay far more taxes, heritage to ABCs, etc in Aussie than they do in Ukraine.

Next well is 'supposedly' just as much upside. When ASX has been hit with a huge amount of dusters these easy to roll wells are worth big bucks IMO.

Market will rerate in time. Unsure why we have some whom are in HOG with what looks like down sentiment. Would love to hear a negative view of these wells based on facts not fiction.