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Upside?!, page-2

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stayer

4,717 Posts.

37

06/04/18

13:08

Post #: 32271844
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Originally posted by nonentropic ↑

Am a bit floored about the lack of activity here not even sellers out there!
If this were to be a 100Pj discovery and they hold 35% at the end of the well It has a NPV of $130m for RAW yes $1/share with a dilute for the cost of drilling.
Onshore next to a production station and very hungry market.
I entered for the PNG upside and this came out of the legacy assets. The PNG story just based on the PL560 Block is even bigger than this.

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Did u read APP’s report?

Am I mistaken, or has Vintage got an extra 25% of the lease by just doing the paperwork for the South Australian government grant?
Anyway, great things are progressing...but by giving 25% away, they are definitely in need of some more funding.

RAW Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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