This is a slow to react little stock, when you consider it is only held by the seed money faithful.
The announcement will not sink in for at least 2 hours.
This has been the case with EPR historically.
Very few are aware....
The week end should be a good opportunity for some digestion and exposure planning from the broader o&g investment community.
5 million cubic feet is 12c fair value ( with a very modest inclusion of the yet to be quantified liquid h/c barrel per day number...
9 million ( with the same liquid h/c figure ) is the top end of the teens.
I am more interested in the OVERALL reserve...
This re rate will bring the now infant, maiden producer into the sights of the real investment community as of NOW !..
Congratulations to all of those willing to be part of the seed money register.
Lets get that work over rig back into SA now, for the next on shore discovery !!!
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