I don't know of any onshore gas field sales in Australia recently. A figure I have in mind for offshore conventional gas fields is 50c/GJ. Kingfisher is said to have a P50 of 80 PJ, which is about 16c/share. But it's not Kingfisher alone that is interesting: it is the conventional gas in all of MEL's tenements, which is said to be at least ten times as much. (Sorry about the quick, top of my head figures, I'm in a hurry).
what is kingfisher worth in earnings potential, page-2
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