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On the value of Arrows 2P reserves alone its a jokeShell and...

  1. Che80
    253 Posts.
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    09/03/10
    13:41
    Post #: 6424300
    On the value of Arrows 2P reserves alone its a joke

    Shell and PetroChina now offering 94c a GJ for Arrows 2P Reserves

    Shell paid $2.72 a GJ when it bought 30% of Arrow

    While the industry average is $2.58 a GJ

    Other Queensland csg buys have been in the high $3.00 range

    Maybe theyre counting on wearing us all down with finance; gluts & rumours.
    AOE Price at posting: $5.04 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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