the presentation and the entire update of the website coincided with a complete change in attitude by not only adi, but all JVP's towards the sugarloaf project.
its gone from being extremely closed shop and buying up as much acerage as possible, and releasing nothing, to now proclaiming 170 BCF and saying they are vastly underestimating the entire play.
with the 40bcf minimum at NT and the 170 BCF in the newly released presentation on their website, i think sugarloaf may be in reality way above that and perhaps in the +500 bcf territory.
you cant be buying that level of acerage and not be chasing some staggering reserves, 80 square kilometers, some 19,500 acres!!!
when sugarloaf commenced last year they only had a small portion of the leases signed up for the secondaries, now they have 80 square kilometers, you cant tell me this isnt a serious major play!!
the sp on the adi share is great value in my books
the presentation and the entire update of the website coincided...
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Last
$2.68 |
Change
0.060(2.29%) |
Mkt cap ! $850.2M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 3134 | $2.67 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.70 | 6000 | 1 |
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| DXI (ASX) Chart |