With the maiden reserves statement from Sproule due soon in mind:
Using current US nat gas prices (conservative pricing by global standards noting much higher prices recently in Europe) and the current US/AUD exchange rate we are looking at if calculated correctly about:
AUD$10b of inground value for every 1tcf that can be proven up into the commercial "reserves category"
Looking back the last resource update appears to have been July 2020. Also assume the merger happens soon then KKO would have 100% I think of:
9.3 tcf of prospective resources
AUD$93b of potential if proven into reserves
4.9 tcf of contingent resources
AUD$49b of potential if proven into reserves
Total potential of AUD$142b so even if only 10% of that gets proven into reserves that's still AUD$14.2b or 20% of that is AUD$28.4b etc..
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