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21.0¢ talon energy ltd

Colby's Response to STX Offer, page-104

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Justadabble

8,840 Posts.

2959

27/07/23

07:49

Post #: 69003145
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Originally posted by tt2000: ↑

Let's apply the WGO acquisition multiples

Given the acquisition activity at WGO, thought would apply those metrics to see what val it comes up with here.

"Based on $0.36/sh it values WGO’s gas in the ground at $2.02/PJ on a 2P basis, or $1.89/PJ on a 2P+2C basis"

2P: 24.4PJ x $2.02 = $50M

2P+2C: 38PJ × $1.89 = $72M

Taking the higher of that $72M + $16M cash (which we know is now actually lower) = $88M / 627m shares

= $0.14 which is where the last CR was at, and they struggled to raise funds.... given the discount to the share price and nature of placement.

Maybe STX have realised, if they wait for the CR they can buy this for $0.18....

I'm voting yes if SN comes back, wish we took the $0.20

View attachment 5466658

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Completely misleading. WGO/West Erugulla did not have a production licence or a plant so the price per Gj was risked accordingly. More misleading proSTX propaganda from the bullies. It's a NO from me.

TPD Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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