Well there we go have a read of the below
"The consideration being paid to Gastar equates to $0.66 per GJ of current 3P reserves. Santos will pay a further $20 million to Gastar if ESG meets certain reserve targets by 31 December 2009.
Santos’ acquisition of a 19.99% interest in ESG represents a strategic investment that will align the interests of the respective joint venture partners. Santos will pay $176 million1 for the interest, equating to a price of $1.00 per ESG share. Santos has agreed to make an additional payment to Hillgrove in the event that any party completes the acquisition of a beneficial interest of more than 50% in ESG at a price in excess of $1.00 per share within 18 months.
The consideration being paid to Gastar equates to $0.66 per GJ of current 3P reserves. Santos will pay a further $20 million to Gastar if ESG meets certain reserve targets by 31 December 2009.
Santos’ acquisition of a 19.99% interest in ESG represents a strategic investment that will align the interests of the respective joint venture partners. Santos will pay $176 million1 for the interest, equating to a price of $1.00 per ESG share. Santos has agreed to make an additional payment to Hillgrove in the event that any party completes the acquisition of a beneficial interest of more than 50% in ESG at a price in excess of $1.00 per share within 18 months."
Well once and for all we now have a clear indication that NSW 3P is worth at least 65c a GJ
MEL's 1550 PJ's NET 3P Reserves at 65c are worth over $1Billion Dollars = $5.60 a share
Sooner or later the market is going to have to wake up to this
With all the mid tier players going there are very few under $100M Mkt Cap, MEL amazingly with the largest NSW Reserves sits at around $80m
D-Day is coming
- Forums
- Commodities
- CSG
- santos moves on esg
CSG
commsoft group limited
santos moves on esg
Featured News
Add CSG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online