The bar has being raised for NXS.
Chk out ORG's purchase of WPL's Otway basin assets.
The deal is for $712.5m for Woodside's 51.55% interest Thylacine & Geographe fields in that project. The gas is piped to Otway at rate of 205 TJ/day (75 PJ/yr).
By my calcs, after std. conversions et al, WPL's net share of reserves amount to ~88 mmboe or 512 PJ reserves which was sold at a metric of $8.10/boe (or $1.39/GJ) to ORG, for $712.5m. (eg ~88 mmboe * $8.1 = $712.5m)
This metric is much higher then the proposed AED-NXS transction for LT at A$4.8/boe or A$0.833/GJ for A$310m.
Hope NXS can use this analogy & negotiate a better price in the future, should they still want to flog 50% of LT to someone else.
After all Cash is King!!
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Mkt cap ! $58.43M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 20000 | 19.5¢ |
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Price($) | Vol. | No. |
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22.5¢ | 5000 | 1 |
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No. | Vol. | Price($) |
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1 | 20000 | 0.195 |
1 | 12957 | 0.190 |
5 | 76783 | 0.185 |
6 | 118894 | 0.180 |
2 | 23800 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 5000 | 1 |
0.230 | 1298 | 1 |
0.245 | 400 | 1 |
0.250 | 28990 | 2 |
0.265 | 20000 | 1 |
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