On page 16 of the prospectus for the CUE rights issue, it states that CUE's share of Barakeiwa gas field is approximately 120BCF, and of Kimu gas field is 110BCF.
Rightly or wrongly, let's say $1.00 per thousand cubic feet of gas. It sells for at least 5 times that, but let's say $1.00. That equates to $1Million per BCF, or $230M for the two gas fields above.
523 Million shares, that equals 43 cents per share.
Could be interesting if they can get involved with that pipeline.....
png gas - back of envelope calculations
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