Well done Footy - For those looking at values.BHP held 8.33% of...

Well done Footy - For those looking at values.
BHP held 8.33% of East Browse 16.7TCF 230mmbbls & West Browse 20% 4.0TCF & 87mmbbls.
http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-To-Sell-Interest-In-East-And-West-Browse-Joint-Ventures.aspx

This has been sold for US$1.63Bil/BHP net holding 2.19TCF $743/TCF undeveloped which is close to a previous estimate mentioned a couple of days ago OR US$4.06 BOE.
This is in line with an extract from the article below & quote.
"The Chinese giant's acquisition implies a resource value of $5.4/barrel of oil equivalent, up from the $4.4/boe implied by Japan Australia LNG's Browse purchase, Beveridge said.

Credit Suisse rated the acquisition as "really quite expensive" at $164 million per percentage stake, compared with the $136 million per percentage stake paid by Japan Australia LNG. It was also much higher than the $60 million per percentage stake paid by Tokyo Gas for 1.575% of Inpex's Ichthys project in the Browse Basin in January, Credit Suisse said."


http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8986869