RE: CHAR Gas Discovery10 Jan 2022 11:19
The point is CHAR haven't even flowed their gas yet or have any means or funding to extract the gas offshore, but have a MC of £80m. Aminex have a fully funded partner with proven gas flows and far better economics onshore with a minimum production of $140MMcft per day funded by a JV partner. It doesn't matter if Aminex is getting $2, $3, $5 or $10 per cft, as it's all cash and revenue generation from a point of zero for Aminex. CHAR has no funding for offshore production and will not produce any gas revenue for the next 3 years, yet it has a value 1.5 times that of Aminex.
Aminex invariably, has much stronger metrics and better project economics, and a higher potential, yet a lower Mcap.