bloomberg part 2, page-7

That's what Bob indicated in the release yesterday, which is to safe guard a last minute change of heart from ORG.

Quik crunch at their approx Cash position,

1) March end cash blnc: $65mil cash
2) minus Admin costs for June qtr: $15mil
3) minus NPosie#1 costs: $15-20mil (50days@$1mil/day x 40%)
4) plus chq from Apache for WA482: $9.6m
5) plus apprx Interest & GST refunds: $2m
6) minus citi brokerage for Origin: $5m (ballpark only)
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June qtr cash balance: $36mil apprx.

They will need to pay some advance to Olinda Star's owner QGOG plus long lead items frm this figure since the A$648mil is due in Sept qtr. So they may opt to do a CR post Brzl farmout or pre-spud.

PRE paid us the upfront costs for seismics etc, so IMHO one may expect a free-carry plus milestone payments.
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Radical, I don't know abt 10$, will depend on flow rates & drilling results first. For example Maruja flw'd 4675 bopd on half inch choke but since we had 20% in it, the SP hardly moved. So am hoping that by Xmas will get an idea of how the mkt handles the newflows.