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4.55% 2.1¢ galilee energy limited

Ann: Glenaras Gas Project - Pilot Production Update, page-8

  1. Ashes86
    460 Posts.
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    09/10/19
    11:41
    Post #: 40790926
    Beat me to it KiwiTrev!

    I guess key line in their report is ' Applying historic 2P transaction multiples (which are becoming increasingly relevant, in
    our view) to a 500PJ booking yields $925mn or $4.80ps' - which to me implies they are only valuing the project as gas in ground (2P)
    Last edited by Ashes86: 09/10/19
    GLL Price at posting: $1.00 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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