Ever get the feeling they know more than they are letting on...

Ever get the feeling they know more than they are letting on with nearly drill ready, gas processing plant, siesmic reprocessing well advanced. Buy another 10% cheap. I have a feeling 2tcf might turn into something a little more.

When you think at todays pricing 2tcf brings in 550 million a year for 15 years 20% of that is 110 mil a year for 15 years.

The Figures used are from good oil ROG report on a 4.9tcf recoverable lng csg resource so I rejigged the figures to match our 2tcf


COMMERCIALISATION
This size resource could support a 260PJ pa project supplying a 4mtpa LNG
train for 15 years. At an indicative selling price ex field of $5/GJ, this equates to revenues of $1.3billion per annum˜

TOTAL
The potential gas in place for both leases 8.2 tcf with a potential recoverable resource of 4.9 tcf.

Kind of gets you rather excited when really know what 2tcf and that give away of 10% cost them 55 mil a year in revenue.

I sometime have to kick myself and wonder why KEY has a market cap of 19 mil but that just makes me buy some more lol. We have heard figures of sp of 50 cents $1 dollar

But when you look at this sort of IEV $6.00+ is that out of the question. With the questions on valutions you can only compare it to what other companies say a similar resource is worth.