RE: 0.61 valuation15 Jul 2022 11:19
I too don’t stake much credence in broker notes, however all things considered it’s not an unreasonable SP considering the news expected. Even if they JV or farm out Chuditch and concentrate on Dunrobin it’ll be worthwhile.
1) Current world gas supply uncertainty
2) Australia on the doorstep
3) Timor need the money
4) Baron knew Chuditch would take time (imo) but would be worth the wait
5) Recent oil expo’s in Timor
6) Director share options taken as per announcement
7) Eni working close by
8) 3D evaluation any time now
Things moving into place as we speak