Do not disregard any possibility . MPO assets in NSW and QLD are an easy way for a co like AJ Lucas, Metgasco, Eastern Star, etc to grow at a discount . If a dark horse European co is willing to cough up $225 million for a stake in some undeveloped AOE assets in Queensland (credit to AOE management), then look what just half that money could buy in MPO across NSW, QLD, USA, and China . By divestment of individual assets a corporate raider could make a massive profit, without ever producing a cf of gas .
Any possibility is a goer .
I'll let the number crunchers value the diverse assets individually .
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held