PES pepper residential securities trust no. 21

PES announced 3P reserves in the Cameroon Field of 1241PJ.The...

  1. jake0002
    8,811 Posts.
    lightbulb Created with Sketch. 3307
    clock Created with Sketch.
    26/11/08
    20:59
    Post #: 4544364
    PES announced 3P reserves in the Cameroon Field of 1241PJ.
    The various takeovers valued each Gj of 3P at anywhere from 80c per Gj to $1.80 per Gj.

    If we take a value of only 60c per Gj, that is the $600,000 per Pj.

    Thus 1241 Pj x $600,000 = $745m.

    $745m divided by 94m PES shares is $7.92 per share.

    And they have only just started !!!!

    How smart were Shell and Arrow to gobble-up all those PES shares at $1.40 !!!!
    PES Price at posting: $1.65 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS The 4 sectors poised to benefit from Australia's immigration wave
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 024 – Two '4D' stocks to watch, but only one winner
right-arrow Created with Sketch.
NEWS New targets and high-grade intercepts drive Bullabulling drill expansion
right-arrow Created with Sketch.
NEWS How to handle a financial crisis and turn setbacks into setups
right-arrow Created with Sketch.
NEWS Outstanding thick high-grade gold revealed in first Greenewood assays
right-arrow Created with Sketch.
BML Boab Metals secures path to full ownership of Sorby Hills Project
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.