share price expectations 2010, page-14

downside limited for all reasons stated and we are all in it because we believe success will come.
Louisiana comes in ..12% of 20 BCF...ADD 20 CENTS
Each Eaglehawk 30% ADD 30 CENTS
Phillipines ASSUME AQUIRE AND RETAIN 30% free carried other than dilution from 10% share issue
ADD 10 cents
CBM shows assumed gas levels ADD 10 cents
CBM flows at assumed rate ADD 50 cents

Then go back and reread Hartleys report bthat gave it a chance to be dollars a share and my guess stays at $1.50 by end of year.
All this will be achieved from cash flow and overheads have been slashed. All they need is to kick it off with good luck in Louisiana and then keep up the aquisition of more ground in the USA to fund the big chances//////

Oh , and I forgot Baniyas.... add another Dollar for that one ////////

$2.50 tops and with such a spread weighted to very low risk my bottom price is $1.25 . Thos egas shales in the US do not make money under $5 gas so falling hgas price is not a concern of mine ..
And the chart can support all that even though a pullback below 30 can easily happen...sure would dent my mood though...