Petra put out a note last night regarding the gas acquisition. See extract below. Note that the valuation doesnt take into account infrastructure in place.
Vertical integration provides gas supply security at
unrivalled acquisition cost
• QPM is acquiring 100% of the MGP in QLD’s North
Bowen Basin with 2P Reserves of 240PJ, current
production of 10PJ per annum, and all infrastructure
already in place for gas transportation to site (Figure 2).
• Production from MGP will provide supply security, and
a relatively cheap source of gas, for the TECH Project.
• QPM will net A$30m cash from the deal to cover
existing Arrow/AGL contractual commitments.
• QPM’s acquisition cost of -A$0.12/GJ is unrivalled;
recent peer gas M&A deals – WGO, NWE & SXY - were
valued at A$1.16 – 1.99/GJ of 2P Reserve (Figure 3).
This implies a look through value of A$278 – A$477m
or A$0.14 – A$0.25/sh for QPM’s MGP.
- Forums
- ASX - By Stock
- Gas project value - Petra -14-25cps just on Gas project based on recent transactions
Petra put out a note last night regarding the gas acquisition....
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QPM (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.4¢ |
Change
-0.001(2.22%) |
Mkt cap ! $88.55M |
Open | High | Low | Value | Volume |
4.5¢ | 4.7¢ | 4.3¢ | $228.6K | 5.093M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 159614 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 374204 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 159614 | 0.044 |
4 | 430471 | 0.043 |
2 | 342500 | 0.042 |
1 | 345000 | 0.041 |
7 | 737500 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 100000 | 1 |
0.049 | 100000 | 1 |
0.050 | 388516 | 3 |
0.051 | 260000 | 3 |
0.052 | 309090 | 3 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
4.4¢ |
  |
Change
-0.001 ( 3.93 %) |
|||
Open | High | Low | Volume | ||
4.6¢ | 4.7¢ | 4.4¢ | 3443694 | ||
Last updated 15.59pm 03/05/2024 ? |
Featured News
QPM (ASX) Chart |