petronas deal revalues bow

Last weeks purchase of some of Santos's gas assets by Petronas was done at a price of $m4.9 per Pj of gas in the ground.

On this basis, when BOW proves up Don Juan at 200 PJ of which it owns 55%, the in ground value will be approx $500m to BOW.

Add to this a couple of oil producing wells and the value of all the ground which BOW has tied up, $3.00 - $4.00 per share is looking very likely and very possible.

You are looking at a 10 bagger here.

Worth buying and holding guys. DYOR.