NWE norwest energy nl
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Bad takeover offer, page-47

  1. nammuldi
    3,734 Posts.
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    18/12/22
    10:33
    Post #: 65356370
    By my crude calculation Hancock just paid $500,000 per 1 BCF of 3P gas total (705BCF) as shown in a WGO ann table recently this ignores cash in bank and any other upside.

    apply that to what reserves/resources u might think is in ground to decide if offer close or not????? and why i found it odd t this point that NWE have ann no such reserve/resource table

    they say 30BCF per 1 sq km - lockyer denoted as 100sq km - so 3TCF gas gross - NWE 20%.


    NWE Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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