If the current well has Petroleum; along with Gas & condensate, that will be a very good outcome. That will beg for a re rating. As it is, its good enough to have 4mmcft/day share of production starting from July 07. So, its more a fundamentally strong investment, with many speculative upsides, at this stage. All IMO only. Expecting some announcements regarding the actual results of the current well, IMO. DYOR before buy/sell.
ETE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held