WGP 11.1% 1.0¢ westralian gas and power limited

breakout, page-56

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    Evision 1TCF = $1.5B????

    Is that not a little OTT???

    I would have thought 50c per mcf in ground ($500mil per TCF) was more the norm and for shale gas perhaps further discounting is needed??? Not trying to shoot down the shale hype that has reared its head, i hold NWE so all for it, but that valuation does seem overzealous, could you explain your reasoning for that valuation, cheers??
 
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