Ann: Major Reserves Upgrade for Queensland Acreag, page-2

re: Ann: Major Reserves Upgrade for Queenslan... Sounds good to me. Based on recent sales of qld acreage, 3p reserves fetching between $160k and $800k per bscf. Based on location alone, these reserves would probably fetch closer to top than bottom of range - but taking $500k as a guide we have an indicated value of $395 million or $1.57 per share.
95c per share for Canadian oil assets plus guesstimate of 50c per share for Canadian shale and RSA assets and we are looking at $3 per share of asset baking - and rising - so, how do we get sp to reflect this....

ps have excluded contingent reserves, cash and Canadian shale and RSA assets could be seriously understated.

dyor etc