RE: For Sale10 Sep 2022 15:22
“In summary the Report estimates production giving rise to gross field revenues, before costs etc on a mid-case basis of £230 million (previously £141 million) of which Angus's share is 51%. This approximates to a gas price of 64p/therm being a mix of the actual volumes already hedged at 43p/therm and the remaining unhedged volumes accorded prices derived from the quoted and traded NBP forward curve to December 2026 and thereafter escalated by 1.5% per annum. The gross volume of reported Gas Reserves is unchanged.’
So circa 460mill now, without taking any account of higher gas prices. There is a massive opportunity for a company who could get the gas out more quickly, say over 3-5 years.
Any buyout would be for many multiples of todays price imo.