takeover

Not to sure if it’s such a great deal.

From the SGL Website.

This initial report covers the Bulli coal seam in six areas of proven production within the Camden Gas Project. It estimates gross gas reserves of 61.34 billion cubic feet (BCF), and assigns a proved (1P) classification to 83% of those reserves and a probable (2P) classification to 17% of those reserves.

1 BCF = 1.055 PJ

So 64.71 PJ
Of that 83% is P1
P1 Reserves 53.70
Now they sold half to AGL. So SGL share is 26.85 PJ of P1.

Shares on Issue 245929235
Current Share Price 0.36 (Effective Takeover Price)
Market Capitalisation $88,534,524.60

Reserves
P1 26

SGL $/P1 reserves are valued at $ 3,405,174.02


QGC $/P1 reserves are valued at $ 1,996,112.43
CHX $/P1 reserves are valued at $ 2,921,739.13