up-ramp, down-ramp: a cognitive study, page-38

RB, in response to your response to my response :)

I am optimisiic that OIP will have some CSG (albeit 75% owned by ESG, the leases that is) and possibly some conventional oil and gas (on land).

GGX has oil and gas in the Philipinnes but is in the process of remediation work on their wells (which flowed gas in the 60's when gas was not economic or sought after).

I am really sceptical about a lot of the CSG plays as I have seen what ESG went through to bring their leases up to proven 2P resource status, they kept coming back to the market for more funds and have spent at least $200M getting to the stage they are at now (Mkt Cap approx $850M).

I am a big bull on BLY as it has been winning drilling contracts in the CSG and conventional oil sector here (away from AJ Lucas) and I see drilling as a boom sector.

Also like Devine Homes, both BLY and DVN have completed capital raisings which buried their SP but they are well positioned now.

Happy punting!