22.5 billion divided by number of shares on issue,approx 320,000,000 as at 31st March 2010 gives $70.
Minus all associated costs to develop and process said gas.
Then there is the length of time "years" to put gas to market to be equated to the top line $70.
Comfortably we could say, once this global downturn is in upwards trend a SP of between $3 to $10 in production is reasonable to expect on this one.
Small comparision to QGC and where it went and where it came from 20 cents to T/O from BG at $5.75 in a matter of 2 years.Just some pondering on my part.
cheers BUYer's, Jake.
13.2 tcf market value a$150 billion , page-6
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