MattR,
They mentioned in the ann that they are eyeing up to 20 wells. At $65USD per barrel, thats about ~USD$38m revenue a year before production costs, or about USD$36m net a year after production costs (which is insanley low @ 2.5 per barrel).
That works out to be approx ~ USD$0.33 per share (116m shares) or AUD$0.4125 @ 88 cent conversion rate.
its not the time to sell.......crazy man sell, page-11
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