Some of the figures I have for 3P reserves are:
BG Group / QGC 67c.
Shell / Arrow 66c.
QGC / Sunshine 74c.
Santos / HGO (ESG) 74c.
At 66c, we have 2542 * 66c = $1.667b or $4.95 per share.
There is a potential for more conventional gas, and the oil shale beneath the coal seams. At current price, MEL is a steal.
Some of the figures I have for 3P reserves are:BG Group / QGC...
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Mkt cap ! $7.287M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 6 | 10272389 | 0.4¢ |
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| Price($) | Vol. | No. |
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| 0.5¢ | 24534 | 1 |
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