Value of Kingia and High Cliff Reserves, page-27

  1. 2,629 Posts.
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    P1

    It doesn't pay to guess gas reserves and I'm not about to start. Patience.

    Secondly, your gas valuation looks way high. PV10 for gas reserves would be circa $1 not $4 as per your numbers. AWE also has a 50% equity in the project

    I am over the debate on 2C valuations.

    Cheers, Al
 
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