The most unloved hydrocarbon explorer on the ASX. Spun out of ESG.
Trading close to cash backing (I think a little above).
Upcoming drill on 100% owned PEL8 NSW: Unrisked 60bcf.
Earning 75% PEL427 NSW: CSG expl.
Earning 60% PEL428 NSW: CSG expl.
PEL455 NSW.
PEL422 NSW: Unrisked 700bcf.
PEL424 NSW: Unrisked 2tcf.
PELA73 NSW.
Hated. Absolutely loathed!