sorry only have the paper. it basically says that if EPG was valued at 70 -80c per 1000CBM as the australian gas stocks are, PGS would be worth $100m today. Thats 3x the current cap at that pathetic gas price. The Oz gas price is around $2-3 per 1000cbm.The European gas price is closer to $16.50 per 1000CBM. If this company was AIM listed, it may get a value closer to 10x what its trading at here and thats still a discount on the numbers IMO. The $100m valuation is also based on them only recovering half the gas. I reckon epg is more than likely to increase its reserves given the size of the deposit. It also looks like most of the buying is coming out of europe and if the company gos there for a road show, look out. good luck.
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