BOW 0.00% $1.52 bow energy limited

question, page-2

  1. 248 Posts.
    I think BOW is aiming for 2P reserves of 300PJ from the Don Juan JV in the 1st Quarter of 2009. Based on BG's bid for QGC which values QGC 2P reserves at 0.82c, then 300PJ would be worth $245m. (Of course QGC's reserves were valued at $1.60 by the ConocoPhillips JV) Once BOW has 2P (proven/possible) then 1P (proven) reserves, the market can value this company.

    Obviously it will be well north of here.

    I think that Ron will sell BOW to one of the majors for an excellent price once BOW starts proving up its reserves. The capital expenditure that exploiting these reserves requires, would seem a natural fit for someone like British Gas, Shell, ConocoPhillips et al.

    Tui, are these numbers about right?

    Mr D.
 
watchlist Created with Sketch. Add BOW (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.