igas and dart energy advance as investors hail, page-4

"According to Sharp, the deal implies the project is worth a total of £340mln which in turn points to a valuation of £1.7mln per tcf.

This, when totted up on the back of an envelope, loosely values the IGas assets at £174mln and would suggest the possible 60tcf on Dart’s property could, at this stage, be worth about £100mln"

100 million pounds is worth around AUD166 million or approx 16 cents just for the reserves to date - this excludes Darts other assets and further exploration upside.