Looking at some very simple valuations against Warrego and Strike and you see how undervalued NWE is with this discovery. Simply taking market cap / 2C contingent resource shows value per Bcf gas. I have compared Strike with their own 2C number of 1.182Tcf and Warrego's published number of 513 bcf for West Erregulla.
I assume 1.2TCF for Lockyer Deepwhich is just above their pre-drill high side. could be much higher by today's report.
All 3 companies are essentially holding a single discovery in the same basin so comparison is fair. STX urea idea has no value IMO until they can secure the gas and right now they don't have enough. They could pay premium $$'s for NWE gas though.
Looking at some very simple valuations against Warrego and...
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