should we expect a re-rating today?, page-14

Agree to a point rofma

and the thing is management acknowledge this again to a point.

Yes PEL 105 is very important

they have a number of things before that, some this month.

results from Russell wells due, think 1 was to be drilled this month and 3 others next month or so.

Getting ATMOS back online will be important, projects are on hold waiting for this, they have been promised this will be online end of this month, not long away,
this is out of the companies control though and know it frustrates them.

If we get an announcement that this does in fact come back online this month or early next I think there will be considerable increased interest.

Projects ready and waiting for this.

PEL is due in March and on schedule, they just had to book in a rig, high hopes for PEL 105, seismic reports are done and just waiting for the rig now.

We seen reserves on Park City

So a lot of potential upside here,
but yes have to prove they can perform.

I would think further success at Russell wells, (sebree)
and ATMOS online should see 10 cents

success at PEL 105 could be 20-30 cents depending on how good the success, failure at PEL 105 and back to 5 cents.
continued oil and gas price rises will further those.

just my thoughts though