Research Report: Calima Energy (ASX:CE1), page-35

MIN just offered $400m in its "onshore gas takeover action" for NWE in WA
NWE own 80% of lease EP368
link

quote>> MinRes wants to develop the Lockyer Deep project as quickly as possible and has ambitions to have a plant built and producing at a rate of 250 terajoules a day within a few years.

so $400m for 80% of...
250 tj per day = ~30-40k boepd from about 2025

so very similar scale to ce1 montney 22-50k boepd from about 2025

NWE/MIN Lockyer deep is pretty dry gas with only small condy
ce1 montney is liquids rich with 10x more condy which sells at a much higher price than dry gas, and so will double cash flow

if 80% of a big dry gas project =$400m, whats 100% of ce1 big liquids-rich montney worth?