Having had a look at the announcement today I may have made a mistake with my HP but I calculate that they are getting $4 Million for a Billion CU ft of gas and they have 49% of 120 Billion CU ft , 58 Billion CU ft. Shaping up to be the largest Gasd Find in Queensland or some such wording.
However even if I have made a big mistake there seems plenty of value there.
Fully diluted market capitalisation is less than $50 Million, They also have cash and infrastructure etc , How Cheap !For How Long ? Looks to me as if this sleeper is one for the beautiful people. Many people miss these morsels because they have not invested in a calculator, no doubt. Could this one be worth more than PSA ? Everyone should do their own calculations and check to make sure one is happy with the interpretation , so do Not listen to me.
Best wishes
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Having had a look at the announcement today I may have made a...
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