RE: Mispriced18 Jun 2025 08:55
From another poster:
"I posted on the 27th May - 'With us also seeking operator-ship of an asset, i don't see it as overly ambitious to reach the 30-50 mmboe range in the not too distant future from the planned broadening of the asset base."
This far exceeds my own expectations so soon of discovered recoverable boe.
Being 100% operator of Temaris brings around 42 mmboe to add to the 14-18 mmboe net in DEWA gives around 50-60 mmboe recoverable and both expected to have further upside.
March presentation page 10 had a core 143p hard value target of which approx 100p was for DEWA at 14-18 net mmboe.
Temaris at 42 mmboe is a minimum of 2.3 times greater so i would expect a hard value of over 200p to be attributed = 300p range with 2A to follow.
They could easily farm down 20-25% Temaris for a considerable cash sum.
In an absolutely excellent position now. Currently valued at £22m (36p) and should be worth at least 3x on the above or £65m which is barely 80c/boe, cash and the huge Kertang/Block 2A fully carried for free."