There is good momentum building here, which is great to see. As...

There is good momentum building here, which is great to see.

As more momentum builds, the stock becomes more appealing and then it becomes self-fulfilling. I feel there aren't many eyes on this one at the moment which is bullish given the small number of 'daily view' on each post in this FPL thread. Yes, i acknowledge its a crude way to analyse (no pun intended - lol!) but its a tool nonetheless.

I feel there is an absolutely massive valuation gap between this & some other listed O&G peers which is discussed in this post which provides a nice basis for comparison, noting however that no 2 companies will ever be the same... https://hotcopper.com.au/threads/an...4283142/page-30?post_id=34169370#.W0QvRmcViJA

The last announcement has set FPL up for 2 major news flow events which are potentially company makers in their own rights.

Firstly - they are looking for a near term, significant upgrade to the current 2P resource which is 220BCF.  The specific line in the below quote that excites me the most is "much larger than we thought":


Secondly - they are advancing their Gas sales negotiations which are now at an "advanced stage"



With 2 company making ann's which appear to be imminent, on top of a stock which has been hated to all buggery & appears significantly undervalued on a reserves valuation basis, it's no wonder that the market is starting to bid this up, pip by pip.