Thinking about potential valuations and comparisons to peers.
Taking a look at Beach Energy (ASX:BTP), in their 2022 AR they state 283MMboe of 2p reserves.
1TCF gas ~ 170MMboe. So they have ~1.65TCF of 2p reserves.
Current BPT market cap is $3.75B AUD. $3.75B MC for IVZ would give a share price of >$3.50.
Obviously a very simplistic valuation, but highlights the potential here when Scotty is throwing around numbers like 20TCF...
Quick reminder for myself on O&G reserve & resource classification:
Thinking about potential valuations and comparisons to...
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