PTT exploration offers $1.7 biilion for cove energy which is $4.6 per barrel of oil equivalent according to analysts which is baesd on mean recoverable resources estimates.
lets to some calculations:
mean recoverable resources 3.5 billion barrels
3.5 billion x $4.6 = 16100000000
WHL energy shares on issue 1500000000
16100000000
---------------- = $10.73
1500000000
to good to be true!
feel free to comment if calculation are out
the perfect storm, page-9
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