Read the announcement just released!!!
Independent Expert, Grant Samuel & Associates Pty Limited,
values Origin’s shares at A$28.55 to $30.71
BG group is going to be spewing....
And ConocoPhillips as the partner... thats massive!!! The fight is on now!
http://www.asx.com.au/asxpdf/20080908/pdf/31c5nn5z2xx9f2.pdf
Valuation metrics....
- A$4.00/GJ for 2P reserves; or
- A$1.88/GJ for 3P reserves
Jeepers!