CVN 3.03% 16.0¢ carnarvon energy limited

am i right?

  1. GTX
    15 Posts.
    My understanding of the gas component in PNG is as follows.
    Informal estimated reserves - 1.20TCF & 20-30 million barrels of condensate.
    Again assuming PNG pipeline proceeds.

    Model for gas only

    For this scenerio I have used $1.00 per thousand cubic feet (1MCF) for a recoverable in-ground resource valuation (right or wrong but for this exercise it won't matter too much) if anyone knows a more appropriate number could you please advise.

    Total estimated resource 1,200,000,000,000/1000
    Total estimated value of resource $1,200,000,000
    Assume 50% recoverable (conservative) - $600,000,000
    CVN share (15%) - $90,000,000
    CVN shares on issue approx. 350,000,000 (fully diluted)
    Value on a per share basis...25 cents

    And even when money has to be raised (which could dilute us by 100%) - 12.5 cents still isn't too shabby.



 
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