struck oil this weekend???????????????, page-5

some interesting discussion stelep7. thanks for pointing that all out. back to the original question though, what share price do people estimate a discovery at yellowbank would translate into for EPE and LGO? take for instance a 5mmbbl find? note EPE holds 50% and LGO an indirect 11% of yellowbank. EPE 55M shares on issue, price 27.5c. LGO 171M shares, price of 2.2c. 5mmbbls @ AU$45/barrel works out to be a AU$225M gross payout, or thereabouts. but per share???

as an aside, ive calculated roughly that each 1c change in EPE on the back of yellowbank should translate into a 0.1c move for LGO.