Hi cp firstly what did solo pay? As for the video yes I saw that the other day and its not clear as you say. Lets hope he is just talking of Solos share. As he didn't mention AEX I suppose there is no reason to think otherwise. We will know soon enough and I expect we'll be very happy
If there is any truth that NR has farmed down say 12.5% which I think has happened it will be interesting to see what price was paid for this stake by the other party. I think this will make it harder for the market to play games and will make it much easier for mm's to set a rerate price based on our reserve upgrade , very exciting times ahead. Food for thought what if rather than an outside company buying the stake(my preference) we have some sort of funding in place to buy the stake ourselves (pie in sky I know but interesting thought none the less :-)
If those figures are just per incremental 100bcf of gas in the ground then we need to add: 1. Kilwani reserved 2. Multiple of anticipated revenue / net profit 3. Other tangibles such as the value of our own infrastructure etc 4. Value of our acarage and licenses - even for unproven areas, this must have a value
Debt then needs to be factored in - think this was about $9m and is being paid off with revenues from Kilwani. Therefore pretty negligible.
Then add the value for the appropriate multiple of BCF below.
I'm no expert as this but does that make sense. Taking wife and kids to pub for Mother's Day late lunch otherwise could try to put figures against the above. Anyone else already had a skinfull and would fancy giving that a go?! ;-)
I guess this would give us a good indication of current value and a basis to estimate the value and potential sp based upon reserves once announced.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.