Thought i would make comments on Spanish assets on this thread
Current European gas prices higher than even east coast gas prices
Value of these assets from a DCF if they were developed has gone up astronomically
People fail to realise how valuations move with commodity prices, have a look Uranium stocks or lithium or batter metals stock to appreciate how a project worth 20 m one year could be worth 200 m in 18 months time
Wells in Spain cost approx 2 m AUD. So the costs to develop much cheaper than here , yet the reward just as strong. I really believe these assets are underappreciated. The electricity plant could see cash flow for WGO increase to 8 m -10 m per annum and the big project which has a prospective resource of 800 bcf. could be a game changer.
No coal, no oil and Spain is also anti uranium. So how will the power the country, via Tapas/Pinxos??
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