At 33 cents AQO is valued at $46 million. It has cash of $6 million so that its 47.5% interest in PEL 570 is valued at about $40 million. On that basis 100% of the 463 squ km in 570 is valued at $85 million or $183,000/ squ km.
PGS has a 20% interest in 1972 squ km or net 393 squ km . The market is clearly not recognising that PGS interest in PEL 570.is undervalued.
OGY Price at posting:
2.0¢ Sentiment: None Disclosure: Unspecified
PGS Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
