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.
- Forums
- ASX - By Stock
- petronas deal revalues bow
Last weeks purchase of some of Santos's gas assets by Petronas...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BOW (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online