david breeze interview, page-10

Harry ,

Please provide details of the one company that you spoke of that has a market cap of one billion dollars for 1 TCF .

Karoon Gas for instance has multi TCF discoveries and well over $300m in the bank and their MC is only $1.7B . The gas is surely worth vast amounts of money but it does not mean the SP will reflect that value any time soon .

This leads me to ask the question ..... what will be the value of the project by MC on discovery ? Circa $500m is my very uneducated guesstimate . This about twice the current value . Anybody else care to guess or provide examples .