BUY 0.00% 0.4¢ bounty oil & gas nl

whats its gas worth, page-8

  1. 1,214 Posts.

    I've got lots of reasons for wanting this to happen but until I see that a rigslot is secured for PEP11 I'm not too hopeful. MMR have alot to do. They only raised 1/2 the hoped for funds in recent ssp. Was that enough for Advent 'to secure a rig'? I dont know. The offshore rig market is very tight for our region. Advent are seeking a farmin partner and have been since last year. They havent exactly been rushed. and then they will need significant funds for the actual drilling depending on farmin terms.

    However, current sp surely underpinned by KN1. Wisteria to come. PEP11 and the rest. What has brought sp down and holding it down is the need to raise some cash. We know that some funds will be raised at 3.5c.
    Despite that, I think BUY is a very, very good risk/reward punt atm.
 
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