mate - you are posting that SEA is a wet gas producer... very misleading. I am starting to wonder whether English is your second language.
LNR's EV of A$625 (at current sp) divided by US$105m EBITDA guided (low end chosen given av. production achieved in the first H) = 5.5x at best. SEA has an EV of US$660m (USD0.94 exchange) and consensus EBITDA of US$147m (suggest is a bit light given the production growth case noted in my previous post) = 4.5x. so the same if you round up for SEA and round down for LNR but realistically highlights that LNR is relatively expensive.
SEA's reserves are captured from only half of its current EF position.
SEA Price at posting:
$1.39 Sentiment: Buy Disclosure: Held
