Thanks for that information. Seems like a realistic valuation and the outlook has improved greatly since the posting. The Indonesia situation now looks really good and Australian gas fields set to start production again in 2019. Even if the un-risked value of $1.50 was halved to 75 cents the current price looks excessively undervalued. However, the market has a totally doom attitude towards nearly all oil/gas shares at the present time. So even a possible 5 bagger is of no interest . But EWC has to be a really good buy at current levels one would think?
EWC Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
