just looking at a Bell Potter research note published today
A company profile on NGE
I am not at liberty to cut and paste, but can tell you all that the coverage is positive and that Bells have done risked valuation based on drill success at 3 targets;
Sepalosiphon (ppl 269) potential 400bcf + 12mb liquids
Panakawa (ppl 267) potential 1 Tcf + 50mb liquids
Eulophia (ppl 268) potential 2 Tcf
they calculate the value of success at each prospect and total risked valuation is A$1.12 per NGE share
As usual the assumptions used in calculations are conservative, they appear to have used 50c per gas unit and $5 per bbl liquids
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