“The company, in partnership with Alcoa and Transerv Energy, is planning to drill more than 200 wells in this tight gas field which, by some estimates, could hold up to 7.5 Tcf of gas initially in place (GIIP) “
So in effect ESG control about 845 PJ of Gas. TSV control about 360 PJ of gas.
In light of this TSV should have a market cap of 250 million. This equates to a sp of .30c
These are rough figures and not sure of costs of Warro compared to ESG.
Plust TSV is free carried for 40 million and or 3 wells.
Feel free to correct these figures.
regards
TSV Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held