what are our assets worth, page-6

Cg

I estimate the companies issued capital assuming all options are exercised as being 408 million shares. It is hard to get an exact number as Odyssey receive extra options depending upon sale price. The number of shares options in this category is 0-8 million, I have estimated 4 mil in the above number.

For what it is worth I have bought more today.

My aprox and rounded values are

Reserve 500 bcf of 2P @ US $1.50 = $US 750 mil = AUS$1bil aprox AUS$2.45.