"Perth Basin unconventional acreage worth 16cps on a risked basis with 10x upside in a success case" ~ P. 21, Hartleys Valuation Report (17.07.2012)
"On the basis of the values above we have a price target of $0.10 per share. We expect an increase in price as interest in the frac of Arrowsmith-2 peaks. Our upside value for the unconventional potential for EP413 is $0.24 and could be realised as early as September following a successful frac campaign." ~ P. 23, Hartleys Valuation Report (17.07.2012)