PES pepper residential securities trust no. 21

goodaye,my understanding is its about 60c - 80c p/gj of 3P, and...

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    goodaye,
    my understanding is its about 60c - 80c p/gj of 3P, and About $1.40 - $1.80 p/gj for 2P.

    I have never tried to figure out the historical conversion of 3P to 2P for the various companies, but I guess it vary significantly dependent upon permeability, gas saturation etc.

    The guys at PES were nodding their heads at 60c figure for 3P when i suggested a valuation figure of $6.00+ per share at the AGM.

    cheers
 
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