Looking at the bright side of the low-ball offer, at least AGL has underpinned the value of SGL at 42.5c. It doesnt exactly look like investors are snapping the offer up..surprise surprise!
I definitely think the offer should be higher but we should be realistic. Its not exactly like the NSW fields are as prodcutive or have the ease of accessibility that the Surat and Bowen do. 25000PJ GIP doesnt really say anything either. The 8000PJ is a bit more descriptive of the resource that we are discussing.
Cheers
SF
SGL Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
