I'm new to O&G so someone please correct me if I'm wrong.
20mscfd is about 21 gj/d according to a handful of websites I used to convert that figure. (20mscfd is 20,000 right?)
Is it possible the announcement was supposed to say 15-20mmscfd instead? (20mmscfd is 20,000,000?)
At 20mmscfd this valuation at $250m makes a lot more sense and would leave heaps of room for blue sky
At 20mscfd a valuation of $2m makes more sense
Unless I'm completely incorrect, in which case someone let me know
I'm new to O&G so someone please correct me if I'm wrong....
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