how many wells will be needed to access said reserves ….. NPV -...

how many wells will be needed to access said reserves …..

NPV - a $480m in aggregate over the next however long is worth a heck of a load less today when discount rate applied.

Think it’s blindingly obvious the reserves auditor will need to undertake some fancy reserves accounting to retain existing reserves noting output from SM58 field based on G3/5 wells in particular ….

brave buying at 9c for a company which has next to no cash has limited FCF and 5 of the last 6 wells significantly below expectations …..