ANA targeting 3.5/3.6c then breakout to 6c, page-159

Ok, let’s make this simple.
Ana have 217 bcf gas (36 mill boe) in the 2c category that is AUDITED. What that means is that has been discovered, verified and signed off by independent auditors..not 1 but 2. In other words the gas is in place. No risk. It’s conventional and sitting in one of the largest gas fields in The world.
There are 1.8 billion shares on issue, last traded at 2.9c. Their mkt cap is $53 mill minus $7 mill in cash giving an ev of $46 mill.
Now, forgetting the unaudited additional gas of 139 bcf altogether just for a moment, the market is valuing the audited gas at less than $1 per barrel of oil equivalent (1 barrel of oil = 6 bcf approx).
So, if you think that that is cheap enough, then buy it and put it in the bottom drawer. I think it is very cheap. So that’s what I’m doing. gltah and dyor.