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
