Even though we are on the verge proving of one of europe's largest gas finds next month (fingers crossed). 33% ownership is hefty, considering other small caps give there land to the majors for a much smaller percentage.
How come nobody has mentioned that the undiscovered estimated reserves of Anwar is smaller than the beetaloo basin. 75% ownership is attractive.
Anwar estimates are------ low is 5.7 to best estimate 16 billion Barrels
Beetaloo best estimates 19 Billion barrels.
I think investor are remembering falcon 2 years ago without understanding the underlying reason for the fall in share price.
I believe that saying will not hold true once a trading halt comes courtesy of Exxon.
Then we can divert our attention to Anwar down under.
Visioneer
http://www.anwr.org/features/pdfs/ANWR_estimates.pdf