2024 Shares - 1,218,232,816
2024 Options (Listed/Unlisted) - 622,428,284
Total 1.84b SOI.
BPH own 30% of PEP11.
Supposed gas resource is 5.5TCF. Yes Trillion Cubic Feet.
5.5TCF = 5802 PJ
1 Petajoule [PJ] = 1 000 000 Gigajoule [GJ]
5802 x 1,000,000 = 5,802,000,000 gj (5 billion 8 hundred and two million)
Albanese government wants a price cap of $11-$13/gj. So let’s be conservative at $11.
5,802,000,000 x $11 = $ 63,822,000,000. (Sixty Three Billion Eight Hundred and Twenty Two Million dollars)
63,822,000,000 (total resource size) / 30%(BPH share of PEP11) = $19,146,600,000.
$19,146,600,000 / Total SOI 1.84b= ~$10.40 per share.
Conservatively, upon approval we could aim for 4-8% of the above.
4% 765,864,000 / 1.84b = ~$0.41
8% 1,531,728,000 / 1.84b = ~$0.83
*this does not factor in costs/gas price*
Not financial advice either, I could be wrong, it’s just me playing with numbers. Also haven’t added in the options with a 3c conversion to the war chest.
This is what I have got. 2021 was speculation on approval, this case will actually give us the approval. So should the govt not submit documents I’d expect some fireworks Thursday.
Expand
(20min delay)