gas in California is $5million AUD per Bcf
lets work on $4AUD
150Bcf x $4million AUD = $600,000,000
Market cap circa 500,000,000 shares = approx $1.2 per share
if 150Bcf in ground and flows you would think possibly ten multiples of current share price ??
pipeline is close by 2-4 weeks to connect bugger all costs involved.
Ann: High Gas Shows in Lower Guinda Formation Sandstone, page-293
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