Ann: Trading Halt, page-53

Apache corp are worth approx 40 bil US, knowledge outside it's known and discovered income source are basically zero. Companies of this magnitude have multiple drills ongoing year round, mainly production, and the much lesser known exploration wildcat. Success in WA will not bat an eyelid till it is income producing, and most foreign shareholders will not know even know it exists.

An example outside brokers bullshit referals,example Strachens 50 to 80 cents,Karoon Gas sold out on 3.25 TCF for 800 mil.(market cap prior approx 500 mil.)This is what exploration companies do.Study,dimensional reviews, and drill.The monies laid out by Karoon to receive this return is unbeknown to myself, but I know it took a fair bit of capital raising to get there.

On an equivelant basis, unless, fingers crossed,oil is factored in. CVN at realisitc best , with positive high side success at Phenoix South and then possible rewards at Roc, maybe 5TCFand this would be mammoth.(20% equals 1TFC)Buying interest would be approx 200+ mil,approx 20 to 25 cents PS,not including the outlay of future costs. Fingers crossed on black, otherwise a very long road of expenditure to even stay in the picture.

The most positive highside to success,is the massive sea lease held(38000kmsq), early accomplishment will stamp a massive stake to a so called junior, and with the undiagnosed future on current seismic, this field if successful has more than just years, but decades to deliver the frruit.