Apart from those ratios, and in spite of the fact the share price has been on the nose for some time leading to poor sentiment, we've all seen that change when the investment case becomes too compelling. So in addition to the above ratios, consider the following:
Gas sales contracts renewals to be at significantly higher prices 16.5MMBOE P50 reserves Frankland Gas appraisal Dunsborough Oil, not sure if will be appraised now Highly likely to find more reserves in offshore PB in spite of one recent duster While Onshore PB is maturing, I expect that they will be able to replace current PB reserves based on improved understanding. Probably won't increase reserves Significant tight gas resoiurce in PB remains to be worked on Bass gas area appraisals Devonian reef potential could be very large Moveable hydrocarbons logged in Valhalla ( This result virtually ignored, a speccy would have jumped to Arc's MC on this alone probably!) Good management, large, continuous drilling program
Must admit to have dumped a fair bit of my current funds in this one, as it is both a good defensive stock due to significant cashflows, is seriously undervalued anyway with no blue sky priced in, and has the potential for multiple increases in share price due to held acreage
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
