BPH with PEP11 has market cap of $25m.
XST with Borba has market cap under $10m.
PEP11 offshore, Borba onshore
PEP11 expensive to drill, Borba cheap to drill
PEP11 doesn't have drilling approval yet, Borba does.
Vocal opposition to PEP11, no opposition to Borba
https://coastcommunitynews.com.au/c...an-opposition-building-against-pep11-renewal/
Unknown spud date for PEP11, preperations for Borba spud happening this month
Borba has a pipeline running a few miles for it to hook up to
Borba multi TCF gas. Indications are Borba could be 6 TCF+
XST set for a major rerate imo
DYOR
PEP 11
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