lets get this right, page-57

my quick calc, says they earn about 11million pa profit from the galoc field.

(14000 bopd x 365 x 12 margin taxed x 18%)

Handy bit of revenue for them,

put that with some jvs with BHP, and gas exploration upside.

= winner IMO.

Have read some articles suggesting their lowly market cap, presents them a t/o target.

Plenty of upside for entry atm, support above the rights issue.

So there is a raising to carry us until the revenue streams come in late 2009.

You cant pick the bottom, and i didnt wait on this one.

the spudding in italy, might be all it takes to get the market excited again, and it might never look back.

cheers