Wonder how big is 'substantial' when they talk about the potential of CSM in some of their wells. Its ironic that a conventional gas play has to talk about CSM to excite the market. Not surprising considering how all the other CSM players' shareprices are doing very well at the moment...
this is a micro OSH in that it has a safety net of relatively large untapped reserves (eg ere in Qld & PNG & maybe offshore WA) that eventually will get commercialised. In the meantime they are producing & are embarking on a moderately sizable drilling campaign.
The CSM element is a wildcard. If I read the presentation correctly, they may have resource estimations done by Sept Qtr this yr???
MOS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
