On a like for like basis with AWE t/o offer..CVN should be around 55-60c. This means $550mil - $600mil offer.
Just proving up Caley and Milne to around 200mmboe 2c reserves net to Cvn.20% should do this.
Adrian did say currently at 70mmboe is worth around $210mil.
Anyway hope for a premium much higher from other prospects.
BANG 13 cents, page-2
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Mkt cap ! $295.1M | |||
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