Very good and interesting thread on the ESG.
Post #: 6633346
sto's conundrum.
A good break down on STO and the amount of gas needed for the new CSG plant.
I found this bit interesting.
"Using the $0.92/GJ price applied in the Arrow Energy takeover, PEL 238?s value would be roughly $2.76b." (ESG)
If we convert that to ROG's P2 17 Pj, that equates to $15,640,000 / ROG 30% interest = $4,692,000. Per share = .003c.
This does not take into account the 380 P3. (Using the above if the P3 went to P2 = $349,600,000 30% off per share = .085c.
This all changes with more drilling to earn a lot bigger percentage.
Of course this is all very simplistic, but you can see why management think we should be around the 6c level.
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