http://www.copyright link/business/...-only-a-question-of-price-ubs-20170621-gwvacp
It's been a long time since I held COI... Previously had Arrow and Bow through to takeover.
The AFR article above is a little dated but UBS is forecasting east coast industrial buyers will need to pay $9-$11 a gigajoule for gas on average over the next five years, much higher than the typical $6-$8/GJ of recent years.
So if COI end up proving up 150 Petajoule P2 from Mahalo that would translate to about
150,000,000 x $10 = $1.5 Billion in saleable gas, delivered.
Of Course COI's % will be a fraction of that whether that is for example 40% still equates to $600 million.
That is not accounting for any Galilee Basin CSG, Northern NSW or Sandstone gas on top.
I can see the SP price possibly doubling from here (eventually) if the wells flow as expected.
SK60
http://www.copyright link/business/energy/gas/east-coast-gas-shortage-on...
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Mkt cap ! $137.5M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110286 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 10000 | 1 |
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