GDN
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0.00% 1.7¢ golden state resources limited

gas prices... well valuation

  1. toscanunan
    624 Posts.
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    09/07/07
    11:08
    Post #: 2602816
    from taylors24 post today:
    " Annual revenue from 0.2mmcf in US is A$554800 "

    Can anyone confirm or debunk this valuation and let me know how to come up with a calculation as I am getting something completely different and I strongly suspect I have it wrong.
    I started with US$ gas prices of $6.65 per Mcf.
    0.2 MMcf/day = $6.65 * 0.2 * 1M = $1.3m per day. This is where I think I must have gone wrong. ie with my definitions of what 1Mcf, BCF and MMcf are.

    Can anyone set me straight and try not to pay me out .

    cheers
    toscanunan
    GDN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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