Without trying to sound greedy, any comparison of the QGC bid for SHG to the BG bid for ORG in relation to certified reserves leaves a little to be desired. Relative to the BG bid, SHG CERTIFIED resources are fairly valued. There are a few further considerations that people should be taking into account though for SHG future PROSPECTIVE positions:
-SHG considerable future prospects such as Paranui, Tilbrook and Polaris which have all recorded good gas flows. These near-term projects have been excluded from the 'valuation' in terms of price per 2P PJ.
-SHG ability to realise growth in the company through access to international markets through its Sojitz memo for a LNG plant.
-extremely large prospective acreage in Bowen and Surat Basins with massive potential for growth. Relative acreage of QGC is 10,000km2 compared to SHGs 30,000km2.
-solid cash position to realise near term growth and development of resources
-any realised value for the company would have far greater returns for investors than if we were a part of the much larger QGC consortium
SHG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)