bow ier report- 3p+2c value, page-4

The multiples for Blue
Energy and Comet Ridge are higher possibly reflecting substantial gas in place; and
? some also hold conventional gas assets and/or interests in electricity generation.

Well what do you call our oil assets (not conventional gas i know but producing all the sam and free carried) and the power station. Plus i would have thought 13.8 trillion feet of GIP was a substantial amount. Yes we would probably have to raise capital down the track but revenue from oil and electricity must help the cause. The IER also makes reference to the strategic value of BOW's assets in relation to Arrows plans, so why hasn't any of this been recognised in the report other than a mention in key conclusions. Plus the valuation on recent transactions just happens to be equal lowest despite having a higher conversion rate than the Narabri Gas Project.

As for economic downturn propaganda, this is the time where the majors would be looking to economies of scale, i.e. additional lng trains. And i reckon there fairly committed with around 50 billion already committed.

As a long term holder this is very dissapointing.

Just hang on an hope i guess that someone else see's this as a bargain and raises the bar a bit.

Benaud64