It definitely helps to compare. EPG - 9000 Contigent 50% could flow to 3P so 4500 3P 4500 PJ = 4 500 000 000 GJ no. of shares 250 million after conversion
GJ/share = 18GJ/Share GJ price $12 conservative $216/share gross revenue over life of field for EPG
QGC - 7100 PJ 3P reserves
7100 PJ = 7 100 000 000 GJ no. of shares 820 million before sunshine ect. GJ/sharer = 8.6 GJ/Share GJ price $6 LNG price current $3 $51.95/share gross revenue over life of field for QGC
Of course EPG will have major dilution in shares when they list in France and develop the Lorraine project but we do have a fourfold difference on our side
cheers Icharus
EPG Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held