The Bankable Asset, page-30

I guess my calculation was 21c off from $2 per GJ. I’ll let Australia Pacific LNG sand Origin Energy do the calcs for me. $1.79 per GJ valued last month!! This BANKABLE ASSET is mammoth.

”On February 20th, 2019 Origin Energy Ltd announced the sale of the Ironbark gas project in Queensland to Australia Pacific LNG (AP LNG) for A$231 million (US$164.43 million) or A$1.79 per GJ. The Ironbark Project (Ironbark) contains 129 PJ (proven and probable) of coal seam gas resources. (Source: Australian Financial Review 20th February 2019).”