Stuart Baker report been mentioned many times but thought worth...

Stuart Baker report been mentioned many times but thought worth posting short extract on the valuation from P10 of 17. The cut/paste not worked properly, for example 2P is 19c, 2C is 55c. 3P is 41c and 3C (Bowen only) is $1.53. 

From this, we have developed pricing multiples which we think are relevant to BUL although the range from company to company is very wide and results in discounts or premiums related to location far from or near to markets. In deriving these values, we have excluded in some cases, resources which are very remote from existing infrastructure and which we think will require higher cost and /or take longer to bring to market. As a result of all this, we assign valuation “book-ends” based on EV/2P, EV/2C, and EV/3P and EV/3C for gas-in-the ground as shown in figure 11. Blue resource multiple valuations Reserve category PJ A$/GJ A$m cents / sh 2P 71 3.0 213 19 2C 876 0.72 631 55 3P 298 1.58 471 41 3C (Bowen only) 3011 0.58 1746 153