Yes, and oil resources were 2.2Bt @ approx 60 litres per ton = 132 Billion liters of oil.
This is around 830 million barrels of oil.
At $US100/barrel IGV is $83B.
All IRC got for selling the oil rights was 32M shares in Xtract Resources.
Note: EV of IRC today is now $A13M.
oil, page-3
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