Well-deserved Anatol – your insights are well research (supported) and best of all still early in the piece.
I’m a long-term PGS holder & have always held the belief that PEL 514 would deliver for shareholders – although not to the scale the Patchawarra Gas potential now on the radar offers. Looks like Origin knew exactly what they were doing with their investment/commitment in PEL 514 “Deeps “ & as noted previously delays in news of PGS 20% participation funding source in ORG deeps deal, could well be driven by the company taking its time to review the true value in what they have. It’s strange that the market has not taken more note of the entry of ORG into PEL 514, via investment commitment of $64M (via SXY farm-in) for 40%, with PGS holding 20% & still only a $6M enterprise value………..looking like the sun maybe rising for PGS ;-)
BPT Price at posting:
$1.71 Sentiment: None Disclosure: Not Held
DLS Price at posting:
$1.51 Sentiment: None Disclosure: Not Held
NSE Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held
AQO Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
PGS Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held