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I don't know of any onshore gas field sales in Australia...

  1. bagasas
    534 Posts.
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    03/11/10
    11:28
    Post #: 7422563
    I don't know of any onshore gas field sales in Australia recently. A figure I have in mind for offshore conventional gas fields is 50c/GJ. Kingfisher is said to have a P50 of 80 PJ, which is about 16c/share. But it's not Kingfisher alone that is interesting: it is the conventional gas in all of MEL's tenements, which is said to be at least ten times as much. (Sorry about the quick, top of my head figures, I'm in a hurry).
    MEL Price at posting: 54.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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