sorry about the big image - don't know how to reduce the page...

sorry about the big image - don't know how to reduce the page size.

please feel free to check figures, as was done in a hurry

had a go at new metrics based on updated reserves.
one can see that the original LNG proposal translated into a value of 40c/gj of 3P.

Now that WCL has 885pj of 3P, using the same metric of 40c/gj of 3P gives us a value of $354m ! thats almost $1.00 a share !!

so once one places a value on what the reserves are worth, we need to add , or take into account, other factors:
- flow rates/permeability
- access to infrastructure
- size of asset
- infrastructure
- licenses
- management
- history of fields and production
- any contracts
- J/V agreements
- location to markets etc

so an MPO fields has a poor history imo - mainly because of lack of development, and possibly method of production.

then add that "worth" to the calc of reserves metric.