Takeover share price

Sonde Resources Corp

Exploration and production of oil and natural gas.

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duncanmcl

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Takeover share price

posted on Feb 26, 2009 09:04AM

in good times...not now...I have seen it referenced that for each 1 TCF reserves a companies market cap should be between $500M and $1B (a big spread...seems to depend on who your talking too?). Following that guideline, SNG's 45% share of said to be 4TCF would be 1.8 and equate to between $5.14 and $10.28 per share. Should CHQ not earn their 25% and SNG retains, then 2.8 TCF would produce between $8.00 and $16.00 per share.