Short Term Trading Week Starting: 30 Mar, page-4

REPOST

BPH and BUY
Could be up several hundred % each this week

NOPTA approval to drill Baleen is imminent

PEP11 is 30kms away from Newcastle (NSW)
6TCF of gas



When STX and WGO found 1TCF the project valuation got to around A$1Bin.
Would 6TCF find then be valued at same A$6BN?

How do you work back then to get a fair NPV?
20% COS chance of success on $6Bn find
$1.2Bn probability value. BPH 23% = $273M BUY 15% = $180M