only 139bcf of 1p, page-25

i have just got off the phone with peter

so lets talk some reality.

current selling of 1p is at 2.5/bcf

140x2.5=350 million US/400 mfps = 88c/share US/.7 =1.25cps AU

based on the 1p.!!!!!!!!!!!!!

Add to that what upside they willpay for the 2p, and the shale, and the traget resources in the TFC.

IMO The price starts at 1.25 people.

I asked what sort of price ballpark for the 1p, and before doing these calcs, peter rattled off over a dollar.

How soon???

"very quick" he said

"In a matter of weeks."

There are multiple parties who have taken serious interest, and I poe, very likely we will have a bidding war.

What we have, is that short term speculators have left, who were waiting for the reserves upgrade.

They have left, blinded to the fact, that in a few weeks, 2-300% gains will be had.

cheers