Origin said the Conoco deal values Origin's CSG proved, probable and possible (3P) reserves at up to $1.88 a gigajoule.
Based on this comparison and the likely reserves in Don Juan of 200 gj (BOW 55%), then the value of Don Juan alone to BOW is over $1.00 per share.
Add to that BOW's extensive oil ground and probable CSG reserves at Canaway Ridge, BOW is still a bargain at $2.00.
The punters won't support BOW atm but will be screaming that it's under valued if someone has a go.
Origin said the Conoco deal values Origin's CSG proved, probable...
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