Sodge,If pep11 is approved, I'd be looking at 20c or 200m...

Sodge,

If pep11 is approved, I'd be looking at 20c or 200m cap.
15c or 150m cap worst case.

I do not think 150m for the pep11 acreage in approval state is unrealistic.

8c would put bph at just 80m cap. That's a bit low ball to me.

Its a very prospective the area, yes not tested properly, but back when bph did explore it a bit, they sampled the seafloor in many places, and did detect gas seeping up though the sands.

That is interesting Considering the target is 2km down.

That means what is under those sands is gas and alot of pressure exists.

Back in the last real big jump, 400m shares and 20c was hit.

Gas outlook then not like now, and there was not months of pent up energy in the investment circles.

I like modest, but sensible valuations. But if we get a 400m trade day, 30c might be hit.