swala energy to outline potential resource, page-35

kk was 36% of argonauts 57-61 valuation, say 60

say 60*0.36 = 21.6 cps of argonauts valuation was for kk

so just adjust that 36% up by the improvements from this independent seismic result

596/250 = 2.384 improved bbls estimate
8.5/7 = 1.21 better risk assessment

bump up argonauts kk estimate by the improved volume and risk
2.384*1.21*21.6 = 62.5cps
an increase of 41 cps on the valuation

so our target should now be around a dollar pre-drill. On top of that the upside from spooners estimate if the whole of the basin is similar.

good buying opportunity