MAE 0.00% 0.0¢ marion energy limited

what are our assets worth, page-21

  1. 8,606 Posts.
    This post mentions another company and i am only using it on this thread as i need to declare my source and it offers some valuable insights that answer the title of this thread.
    So having said that (not cross promoting stocks)...
    In addition to my other post on values: Post #: 3932104


    These few points layed out in a recent deal show some aspects of how broadly a deal can be negotiated and what can not be discounted in happening for us in some way, even if it is only in a small way.
    I thought it was interesting as it offers several new topics for consideration, including a modest chunk of $ for a 3P reserve (the size i have not learned yet).


    Here it is, as per one of the last 5 BPT anonucements:



    BEACH PETROLEUM LTD BEACH SELLS ITS 40% STAKE IN TIPTON WEST FOR UP TO $400 MILLION Beach Petroleum Ltd


    (ASX: "BPT")
    is set to realise proceeds of up to A$400
    million from the sale of its non-core coal seam gas
    (CSG) assets in Queensland to its joint venture partner,
    Arrow Energy Limited ("Arrow").
    The diversified energy
    group is selling its 40% joint venture interest in the
    producing Tipton West Field and associated tenements in
    the Surat Basin, 20 km south of Dalby, to Arrow (a 42%
    joint venture party and Operator through its wholly
    owned subsidiary) under a tiered payment structure.
    The sale price will consist of a mix of cash, shares

    and

    contingent payments as highlighted below:

    A$260 million cash - payable on completion; A$70 million
    of Arrow shares as listed on the ASX - issued on
    completion;

    Up to A$40 million cash for the booking of additional
    gross 3P gas reserves;

    A$15 million cash upon gas owned by Arrow supplying any
    liquefied natural gas ("LNG") project no later than 31
    December 2016;

    and

    A$15 million cash upon any LNG project producing an
    annualised equivalent of 1 million tonnes per annum
    (mtpa) of LNG using gas supplied from Arrow's tenements
    no later than 31 December 2017.
 
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