Ok... so MPO current market cap is $120m.
Current cash about $15m.
Gloucester sale I would expect to generate a value of at least $100m based on $2/GJ on existing 2P reserves.
Ballieu have valuations on Gloucester interest of $150m low, $200m mid and $250m high.
Not these reserves will be updated by year end. So a price of $200m could easily be obtained I believe.
That would give cash of $215m.
Thats $1.17 per share that they would have in cash.... Also would finance QLD assets and Canada/ South Africa.
the numbers
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