MAE
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0.00% 0.0¢ marion energy limited

re: gas prices For 400bcf of 2P & 1,300bcf of 3P(no 1P) & no...

  1. 3JD3
    173 Posts.
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    12/02/09
    07:00
    Post #: 4786608
    re: gas prices For 400bcf of 2P & 1,300bcf of 3P(no 1P) & no stabilised gas flows the purchase price for such CSG reserves in Queensland is currently A$900m.
    MAE has 315bcf of 2P & ??bcf of 3P(of which > 50% is 1P)& 5mmcf/day stabilised flows yet is worth A100m.
    Go figure!!!
    MAE Price at posting: 24.0¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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