or 2.6 Tcf (1000 x 1 bil ) which at 0.88c per share per Tcf would be (in a perfect world) $2.28 per share for Cua-Lo alone plus Block 120, California and Indo
Then you would have to deduct the looming threat that the Vietnam Gov will exercise its option and take a 20% stake which in my thinking would be a plus for nen as it would inject a chunk of capital whilst only diluting Cua-Lo as opposed to a CR which dilutes SH equity in the whole company.
Anyway interesting times lay ahead
NEN Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held