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MMR now pushing 53c, and offers thining.I'll post this again for...

  1. masterblaster
    1,165 Posts.
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    16/07/10
    14:16
    Post #: 6911125
    MMR now pushing 53c, and offers thining.

    I'll post this again for any newcomers wondering about this...

    A trillion feet of gas is equivalent to 1000 PJ. Recent corporate activity in Australia (see ESG presentations)prices a PJ at $2.8m for 2P. For 3 P it is $1.17mn per PJ.

    So say they have just 1TCF - thats $2.8 Billion - 13% for GBA thats $364m. Thats 45 times the curent $8m.






    GBA Price at posting: 28.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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