Value Microcaps Junior Energy

[farwest]

Check out Bengal Energy (BNG.T).

Attractive entry with $1.80 PP just announced. Combo of lower risk onshore Aussie lands with high impact offshore India/Aussie concessions.

Wellington West initiated in Feb with $3.50 target. Recent Presentation on their website.

Reasonable valuation/decent share count. A well designed spec with good potential. PP offers a good entry and you get in just before they start drilling up their onshore Aussie lands.

POE also looks attractive now that they are so close to TD in Indo. Liked that they had confidence to up their WI in the Citarum concession. Switched a few CEN to POE in the last few days. HNR also should be getting close to TD. A few successes in Indo and the market might start waking up to its potential. Niko has very large land position in Indo with a big drill campaign set to kick off around year end. I suspect the market will be treated with a lot of news out of Indo in the next few years.