westside in talks on potential rival takeover , page-5

I think the 2 quotes on the Target Statement from Morgans & Taylor could perhaps b an indication of what the Directors might agree to.

They have started using the word 'binding' and the future gas price ($/GJ) a lot more openly now, since that conference call in late March.

Broker numbers quoted r 63c & 76c, which puts a valuation between $280-338m.

Am not sure what assumptions either broker has made in their modelling, ie number of wells reqd to get to 40-65 TJ/day.