EPG 0.00% 41.0¢ european gas limited

epg undervalued according to uk aim market?

  1. 2 Posts.
    Island Gas Resources ( UK EPIC code IGAS) has just started CBM production in England. Quoted on AIM market

    Gas Resource (contingent) is 571bn cubic fee.

    Current value (65p per share)= £44million (say A$90 million)

    UK brokers Daniel Stewart and Cenkos value shares based on commercialising contingent resources at £1.04 to £1.18p

    This would be worth approx A$170 million.

    So 8500bn cubic feet contingnet would be worth 14.9 * A$90 million = A$1,341million.

    EPG slightly undervalued?

    Regards,
    ReadingMan

 
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Currently unlisted public company.

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