re: Ann: COMPANY FINANCING UPDATE AND ACQUISI... Medelm, I believe you have underestimted the effect that Thibodeaux has on GGE if it is successful.
On page two of the announcement, the overiew states the well is targetting 30MMCFD and 1400BCD of sustained flows.
Using this basic calculator on Santos' website, (http://www.santos.com/conversion-calculator.aspx), this equates to around 7470BOEPD. A 4.75% stake in this would contribute 350BOEPD to the company. To gather the enormity of this, D&L2 and D&L3 would do well to contribute this much to the company together.
Using a ratio that I have had some success with in other O&G companies, I believe a success at Thibodeaux would be worth around $35M in market value or around 1.1cent per share fully diluted.
re: Ann: COMPANY FINANCING UPDATE AND ACQUISI... Medelm, I...
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