lithos - you LT contracted gas price figures are way off on the...

lithos - you LT contracted gas price figures are way off on the WGO GSA. Broker community has it at 450-4.75 for existing GSA , but importantly the gas above the 150 pj needed for GSA should be valued at 1.50-2 dollars

unbelievably- 61 pj of gas with a 50 dollar AUD margin as it currently stands for LNG exporters would have a value of 300m alone. Every bit of incremental reserves addition can add so much value. Another 200bcf gross will in itself add 8-10 c a share to the WGO SP assuming a 1.10-1.35 price per GJ
What makes WGO so attractive now is the current 2p reserve trade at a steep discount so all the prospectivity of WE , other JV permits with massive acreage and Spanish assets are completely free

amazing stuff - so much opportunity to make a great return even post this news. I am set with a sizeable position so not buying, but imagine we will see some insto flows over next few weeks , particularly with production test. it should move to high teens at least. Petra target 41c but even 20c will seem great relative to now