WHats the impact on the price per share based on the proved gas reserves at Watsia?
Based on my rough calc, about 500 PJ of gas of proved reserves. So that’s 500 million gigajoules. 1 gigajoile is about $6-$9. Thats $3000million and with approx 528m issued shares. Isn’t that $5.68/2=2.34 per share accounting for AWE’s half interest.
Ann: Highest Waitsia flow rate to date - 90 MMscf/d at Waitsia-4, page-14
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