EGO empire oil & gas nl

Argonaut report, page-4

  1. 8,769 Posts.
    lightbulb Created with Sketch. 3210
    yep, exactly Surandy.
    yep, I mean if Argonaut had based the Argonaut valuation on the updated higher Reserves figures recently announced, then the Argonaut valuation would have been higher.

    the Sum of Parts uses a production figure based on the total gas reserves.
    Thus higher reserves would give them a higher production and revenue figure, from which they would calculate their valuation.
    (I noticed in one part they quote a daily production figure in PJ - when it should be TJ (a typo methinks)

    so already the Argonaut val is outdated, and understated.

    cheers
 
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