If the Shale Gas in the Cooper Basin is de-risked and is anywhere near the size they think it is 40-80 tcf. Based on the acquisition of Chesapeake Energy by BHP for $4.75 Billion which roughly had 10 tcf of gas reserve.
On a very rough basis and I know they are not directly comparable but I would think on a very rough basis if this is anything to go off and the BPT reserves come in on the mid-range say 50 tcf and we value each 10 tcf at $2 billion that would be a valuation of $10 for BPT. I know this is abit of pie in the sky sort of stuff at the moment, til things get up running with the shale gas in Australia, but I think that gives a rough idea of the sort of rises there could be in the BPT share price.
If the Shale Gas in the Cooper Basin is de-risked and is...
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Last
$1.28 |
Change
0.000(0.00%) |
Mkt cap ! $2.920B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.27 | $6.419M | 5.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32293 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 42322 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BPT (ASX) Chart |