rexsh"bhp paid 4.75b for 20tcf recoverable"I think if you peruse...

rexsh

"bhp paid 4.75b for 20tcf recoverable"

I think if you peruse BHP's ann regarding the purchace it was about 1/10th that good.

BHP paid $8726 an acre plus another $0.5billion for production assets and they only got 2.4TCF recoverable.

http://www.hotcopper.com.au/announcementFiles/2011/BHP/1fdf48e5-8e78-41f5-b9b1-85ae53785b2e-BHP350585.pdf

That per acre price would value our share of 218 and 855 at $1 069 149 897.33

Current MC of ADE is approx $50mil you know how the rest of this story goes :)