Ann: Record Sales and Gas Well Recompletion, page-95

I just did a super basic analysis with some bear type numbers

What we know

- a new well is coming online next month

- natural gas is rocketing in price 

- oil is slumping in price

Based on October month numbers

- I used a gas price of $3.50 (was $3.39 in October but currently sits at $4.68)

- I used an oil price of $45/barrel (was $69, now WTI Crude is $50.28 - the cheapest oil. Does anyone know what type of oil they produce? EG Brent is floats between $5-$10 more no matter the market)

- I also raised the AUD/USD to 0.75 (currently circa 0.72) - although market feels its going lower

- I also reduced production by 10%

This spat out $615k/month AUD revenue, Annualised $7.39m AUD.

So considering all the above, and I think most of you will agree these are very Bearish numbers based on the current outlook including currency, revenue is currently 1.5x MCap. Super cheap while its at these prices. Plenty of reasons why the numbers will be beaten.

DYOR as I'm no expert in the field of Oil and Gas.