To someone wanting to takeover, $1billion. Oz Minerals is looking for coal seam methane in QLD. Who knows what may come. The market cap is very very low at present for potential. Some $160 million.
To give you an example, ESG (Eastern Star Gas) passed $500 million, some time back, with a similar estimate of 17 000 PJ.
This one could triple easily during the next 6 months.
It would be a very good takeover target at present!
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