Cris,
from Gimo (at the bottom of this post):
That would value 750bcf at $915m based on $1.22/gj
1600bcf (P50 south Erregulla) would be $1.952bil on the same basis.
2100 bcf (P10 south Erregulla) would be $2.56b to STX. and as you say that is without any other greater erregulla ground, other Perth basin tenements and Cooper potential. Plus other targets in EP469.
you can see how you get to a multi-bil company pretty easily IMO
- Very recently over $1 billion of transactionsin the Permian Basin. AWE t/o: Waitsia have been valued at $1.22/PJ;applied to 750 bcf getting a mc of 800 Million to 1 Billion Dollar whichrepresents the absolute minimum considered to be a fair value for Strike. CreditSuisse and JP Morgan have Strike on their top-10 list of companies likely to beacquired in 2020.
Cris, from Gimo (at the bottom of this post): That would value...
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