Greenfields explorers can be out drilling - strike oil or gas and the shareprice rockets long before measured resources, infrastructure, permits, sales offtakes etc are even considered.
From everything I have read or can decipher, there is no dispute that FPL have a large resource in a producing district - the market just doubts their capability to exploit it?
Anyone have an idea of the NPV or valuation of their assets in the ground?
Ann: FPL commences work to monetize Gas from Pathfinder Field, page-14
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