Galilee Reserves, Pipeline to Market and Rising Export Prices, page-3

This is Paterson's view prior to LNG recovery.

"If we assume GLL books 500 PJ of 2P reserves, using $1.17/GJ would result in a value for GLL of over $3/share."


It will be interesting to see when Autumn sets in in the Northern hemisphere to see what LNG prices do and whether Patersons increase their 2P reserves valuation of GLL to over $3 a share.

This is beginning to remind me of the early days of the company LNG when it was also at around 30c. Peaked at $5 12 months later.