ESG 0.00% 86.5¢ eastern star gas limited

signifcant upside based upon sto value

  1. 635 Posts.
    Hey guys,

    based upon what Patronas paid in the Santos transaction, it would value ESG at $1.81 per share. This is based upon 3P of 1300PJ ($1.61 per gigajule).

    I have taken 65% of 1300PJ.

    Based upon current 2P of 185PJ (again only taking 65% of this), this is approx 76c per share ($4.69 per gigajule).

    Obviously we would be expecting 2P upgrades, so I thought the 3P may be the better barometer.......and it look better LOL!

    So, if a base can be set at 75c, this is really only going to go one way.

    est of luck...and comments welcome.
 
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