EMR 0.52% $3.84 emerald resources nl

valentine structure potential 1tcf gas, page-5

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    Raspberry Jam is selling for $2.50 for 250g Jar.
    Thats approximately $10/litre or $2000 / Barrel
    If the trap is filled with Raspberry Jam who cares about Oil. Valentine could be worth $400 Billion if it is filled with Raspberry Jam

    Seriously though, Stokes Bay already has Gas.
    Valentine will be drilled from the same location as Stokes Bay.

    Discovering some Oil and Gas at Stokes Bay is just about a gimme.

    Discovering oil and gas at Valentine is probably a 20% chance, considering what is happenning with Stokes Bay?

    This is probably a good 30-40c that is not factored into the current share price.

    Once when ARC start drilling Valentine, hopefully in May.
    Thats another 30-40c that will get factored in.

    Stokes Bay will get drilled immediately before Valentine.
 
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