Old research report but thought it worth a mention now that the...

Old research report but thought it worth a mention now that the Warro drilling phase is complete...

From the Breakaway Research Report 20th August...

Valuation
Our after tax base case risked valuation for Transerv is $0.113/share as presented in the table below. This increases to $0.216/share on success at Warro, where we value Transerv’s 35% stake at $173m, or $0.207/share. The field has considerable upside in reserves and deliverability and our sensitivity analysis below shows the value for Transerv could rise to $0.23/share (risked) or on success $0.45/share.

Currently sitting under 6c... ?

IMO a bargain if ever I've seen one.