In the above link it says in part "As a sense-check, we highlight the value potential BPT clearly see through the implied $0.47/mcf paid for ADE’s 200Bcf vs the $0.20/mcf we assume in-ground."
Therefore if we take the middle ground it supports the $334M figure above.
There have been others reports that I have read which suggests in ground value of $1b per TCF however I am going to be conservative.
1TCF in ground for QPN = 1.8c
IMO it should be more because of cheaper costs and the infrastructure is nearby. Also we should quickly move to a higher value as production should be swift.
With what the targets are and the potential for more and the possible addition of another PSC, the current share price IMO has plenty of room to move before we start drilling.
QPN Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held