10p/10% value of the gross TCF27 May 2019 09:58
I’ve approached James about his numerous comments about the value of the undrilled prospective exploration. James has repeatedly stated we can get approx 10% / 10p per TCF of the undrilled and unrisked exploration target. Take 20TCF as quoted in the RNS, net is likely to be approx 4TCF. Even if you calculate at 10p that’s 40p of which 19p is attributable to SE (47.5%) ownership. So technically that should be on top of the asset sale price. Does anyone else recall JP stating the same?