re: valuation
lets not forget that BULs Papua New Guinea prospective ELs X 4 total a whopping 67,000 kms2 and are in a Highly sought after area just off the coast of Port Morsby -high probabilty they will farmin a major to largely fund drilling/development.
Santos,Cnevron & others are developing on shore storage/refinery facilities around Port Morsby for Asian export markets.
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re: valuation lets not forget that BULs Papua New Guinea...
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