Still digesting this but SOI will be approx 1.8b - BUT we have a significantly larger worth now with 354bcf of which over 200 is phase 1 ready to go.
im not the best at valuing gas plays but I've been told $1m MC per bcf is common - so that is still very good for us.
directors are getting a very stupidly good deal out of this which probably makes sense as to why ASX took so long to approve it.
in saying that, they have 1b shares now, its in their best interests to develop the company or they become worthless.
Ann: Acquisition of HRL to Create New UK North Sea Gas Company, page-3
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