SEH sino gas & energy holdings limited
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  1. MixedBag
    916 Posts.
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    03/05/18
    12:32
    Post #: 32856970
    Citi have given a target price upgrade to SEH from 18c to 32c.

    proviso's being: well recovery 2Bcf/well, 400mscf/d peak production, USD55/barrel Brent oil price, well costs USD1.6mill per well.

    90% risk factored in now for SJB and LXG which means Citi are very confident everything is looking good.

    Personally I believe Citi are still erring on the side of caution with quite a few of the above assumptions, however it gives an indication to what they are they thinking.
    SEH Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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