MetagascoThey have 1,538 Petajoules in 3P reserves. Per...

  1. 82 Posts.
    Metagasco

    They have 1,538 Petajoules in 3P reserves. Per http://www.metgasco.com.au/


    So based on QGC take over at 80 cents per GJ

    Then the value of MEL 3p Reserves are;

    0.80 * (1538Pj *1 000 000) = $1 023 040 000

    Shares on issue @ 31/12/08 per Qtrly report is 132,281,134

    There are approx 20,000,000 options that would be exercised

    20,000,000 + 132,281,134 = 152,281,134

    Value per share 1 023 040 000 / 152,281,134 = $6.71

    Even if they hold a 50% interest in those reserves its still valuable
 
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