terry buys another million shares, page-20

Hi Snowy,
I think you have your numbers wrong.

You say we have spent $40mil on appraisal wells ?

At a very rough calculation I have the following,

Defender ongoing maintenance costs say $1mil all up.
2 goes at SOA2 =$8mil.
Gretel and Aus2 =$16mil.

So my guesstimate is $25mil which is a long way from 40. I don't have time to dig up accurate figures so I welcome some input here.

Perhaps you left off the cost of the land purchase at Fpeck and also the cost to drill a couple of our prolific Nth stockyard producers since the land sale ?

You can't prove up acreage without spending a bit of money.

BTW I would be interested to hear what your charts are saying now if you would be kind enough to put some up.

amex up .06 to 1.16 = .058asx