sale of zola/bianchi prospects., page-91

I was suggesting their cash in AUD but debt is USD.

I note that in their presentation they are changing the way they describe the 6.1 m reserves to estimated . I don't I have seen that team used before when describing these reserves .

Given end debt position will be circa 107 aud m , it makes the EV relatively high . Gas asset sale is the key
As an explanation market cap is 105 m
That's an EV 212
6m 2 p reserves at 20 dollars per barrel = 120 m
40 m for third party gas NPV
That is 72 m gap which needs to be plugged by non core asset sales