RaaS Advisory - Resource uplift brightens valuation metrics...

RaaS Advisory - Resource uplift brightens valuation metrics 20%

"EEG has announced a significant independent P50 prospective resource upgrade of its NT McArthur-Beetaloo basin tenement holdings, with a 22% increase in its gas prospective resources from 11.1tcf to 13.5tcf."

"Following EEG’s P50 prospective resource upgrade, we have increased our base case valuation by 20% to $159m or $0.61/share (previously $133m ($0.51/share), using the RaaS 2Q20 commodity price deck and current share count of 263.3m"

"EEG has a number of event drivers over the next 6-12 months which in our view hold potential to confirm and expand this sizeable uplift in NAV."

Gd luck holders