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Litigant

212 Posts.

17/06/14

15:03

Post #: 13534978
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Originally posted by Litigant ↑

All very interesting.

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.

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Further to my previous post the market cap of PGS is $10 million and cash of $4 million which means that the value of the PEL 570 is $6 million or about $15,000 / squ km.

OGY Price at posting: 2.0¢ Sentiment: None Disclosure: Unspecified

PGS Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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