holymagiman one and a half shares, page-12

holymagimon

where did you get your metgasco reserve numbers? mine dont seem to match

I agree, ive raised this before on this forum that metgasco is trading at significant discounts to the market on reserve multiples.

My understanding is there are 2 reasons for a price differential (maybe not explaining the full difference)

1) PES/ESG hold not only these reserves but a number of other tenements that hold prospective value and upside (compared to MEL that holds only 3 tenements, with two of them without even GIP figures)

2) PES in particular has extremely promising location of tenements and supporting infrastructure. Since the ultimate aim of the buyers (BG & AOE) is to pipe the stuff up to Gladstone, location is a big factor

hope this helps and i hope other people have some other thoughts