building a nice base at 22m mc, holders need to readjust their understanding of what they have in the bag. Existing discovery. Thats not wishful thinking, exploration prayers etc - its had extended production testing over 60 days. Just free fell into our laps. Now the market has to consider, where in the 20-100+?m mc are it should sit.
Many an oil and gas explorer has tried and failed to land a discovery. Yet, the magic hand that waves good fortune, crossed our path.
Not just to value this in hand discovery, but attract other JVs into the block.
Getting a coat tail ride, and re-rate with it.
Think of it this way, someone just drove a Mercedes onto your drive way and left it there. Now you have to ask, what is it worth.
GLV Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
