EWC energy world corporation ltd
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value of gas?

  1. masterblaster
    1,712 Posts.
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    30/03/09
    11:44
    Post #: 4957854
    trying to work out the value of EWC's gas deposits here.

    they said in their last qtrly thet have potential for 2.25 TCF.

    now one TCF is approx equal to 1,000 Petajoules according to this...
    http://www.lngplants.com/conversiontables.html

    so, compare to PES has about 2.5TCF of 3P reserves and is currently worth around A$1 Billion.

    not sure how to compare the value of CSG deposits to EWC's LNG, but it seems to make EWC look rather cheap.

    thoughts?
    EWC Price at posting: 37.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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