conversation with ross w today, page-40

I appreciate that. there are other factors to take into account:
at 120MMbbl, this is 6 times the size of the largest field in the cooper basin, which may be the case, or it may be a little overexhuberance.
The flax wells appear to be flowing at about 100bopd after drilling anf fraccing. This must cost nearly $5mill each, assuming a conservative pre-tax, but after costs profit of $70 per bbl these wells have to produce 70,000 bbl to break even, which is 2 years production at plateau. Flax 1 produced 45,000bbl.
Juniper has produced 11 bbl on test.

It's going to be a while before anyone gets a profit out of this one