@christem posted some broker numbers on BRU to value Canning Basin 2C Uncon NatGas at between 2.5-4c/GJ
(based on 2019 pricing, so at least upper end if not much higher)
at 947.8171 GJ/TCF, for BME’s 1.525TCF contingent Uncon, that works out at $40.22-$64.35m.
There are 55m listed shares out of 255m total (200m in escrow owned by holding company) so that should imply $8.67-13.87m to the MC of the listed shares, which are currently $7.15m MC at 13c/s … so SP should currently be between 15.7-25c
+ the 29.6 mmbbls 2C Condensate.
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