independant valuation will be interesting

some basic numbers i have run just on booked reserves assets and valuation i would expect on a takeover, will be interesting to say the least on independant valuation that coy sends out to shareholders.

ching 56cps (23M * $AU25 * 70%) 70% for reduced recovery
tiof 151cps (55M * $AU25 * 80% ) 80% for 2009 startup
tevet 21cps (7.6M * $AU25 * 80% ) 80% for delayed startup
banda oil 16cps (7.6M * $AU25 * 50% ) 50% for long start up
uganda 21cps (30M * $AU18 * 70%)

PS cash in bank about about 22cps

uganda has 100-300 OIP tullow has got more info than we do on recoverable reserves.

nothing for mauri gas assets and exploration or any other acreage we are holding.