Sav-J...
I agree...was just trying to grab a market measure...Nido's 11.6 billion potential oil in place was as the closest I could think of.
But yes, significantly less net exposure, on which the market added the $150m to their market cap on announcement day.
Strange what it takes to get the market going at times.
I admit to being at ground floor level on the research front here...initial investigations on the back of the announcement were enough to interst me...and now I am just going through the motions of understanding exactly how good it is relative to market cap.
Of course, everything will need to be measured, some o which you have outlines...but what I have seen so far is impressive.
As I have said previously, their helium was my original attraction, over a year or so ago...but in the fact of little on the ground activity, decided their were better plays around.
But now...with drilling finally nearing..it is time to look again.
I only tok a modest position today...which is my typical approach when I like what I see, but still need to do more research.
Will dig deep over the weekend...and if I like what I see, may well buy more.
No hurry though, as most drilling campaigns usually see weeks of gradual rises prior to first results.
Cheers!
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