holymagimon
where did you get your metgasco reserve numbers? mine dont seem to match
I agree, ive raised this before on this forum that metgasco is trading at significant discounts to the market on reserve multiples.
My understanding is there are 2 reasons for a price differential (maybe not explaining the full difference)
1) PES/ESG hold not only these reserves but a number of other tenements that hold prospective value and upside (compared to MEL that holds only 3 tenements, with two of them without even GIP figures)
2) PES in particular has extremely promising location of tenements and supporting infrastructure. Since the ultimate aim of the buyers (BG & AOE) is to pipe the stuff up to Gladstone, location is a big factor
hope this helps and i hope other people have some other thoughts
holymagimonwhere did you get your metgasco reserve numbers? mine...
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Mkt cap ! $7.237M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 13664897 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3626406 | 5 |
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