Thanks Typham.Just trying to see what TSV is worth.OkESG have a...

Thanks Typham.

Just trying to see what TSV is worth.

Ok

ESG have a market cap of $680 million.
TSV have a market cap of $24 million

ESG have 65% of 1.18 tcf or 1300PJ
TSV have 10% of 3tcf or about 3600PJ.

Many reports on how much gas Warro holds.

The following is up-to-date and mention up to 7.5tcf of gas. I will use 3tcf which is a happy medium.

http://www.pesa.com.au/Publications/pesa_news/latest_edition/images/pn100_95-100.pdf

“The company, in partnership with Alcoa and
Transerv Energy, is planning to drill more than
200 wells in this tight gas field which, by some
estimates, could hold up to 7.5 Tcf of gas initially
in place (GIIP) “

So in effect ESG control about 845 PJ of Gas.
TSV control about 360 PJ of gas.

In light of this TSV should have a market cap of 250 million. This equates to a sp of .30c

These are rough figures and not sure of costs of Warro compared to ESG.

Plust TSV is free carried for 40 million and or 3 wells.

Feel free to correct these figures.

regards