Looks like a T20 holder has had enough, page-92

thx Harry,
the crunch number is the A$27.33 BOE.
I cannot remember when that KPMG report was done, but it prob relates to the time when EGO acquired the ERM assets, so it is probably back in 2014?
wonder how that 2P number stacks up now in the current POO.

the other thing unclear to me is the number.
I acknowledge it is a number related to BOE?
but of the 3.6mBOE of 2P of EGO, almost all of it is gas ie 3.5m BOE is gas.
thus what would be the valuation if we just used a value of 2P for gas reserves?
I don't know.
what would the numbers now, based on current gas 2P?

just seems to me that when a barrel oil produced and sold is US$40 at 70c = is A$57 only, I wonder who would pay half of that (ie A$27) when that BOE is not even out of the ground?
am just thinking aloud, that A$27.33 BOE might be out of date now?
do we know of any recent Aust sales of 2P reserves?

interesting discussion, because any coys such as AWE would be focussed on the issues raised by Harry.
at some point, EGO will become a target if its SP keeps dropping.

cheers