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27/05/10
02:41
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Mooneye in PEDL238,for example, carries a P50 oil-in-place number of 134.7 million barrels while Razorback in PEDL239 has a P50 oil-in-place estimate of 43 million barrels. www.oilbarrel.com ********************************************************** When SP 2.7c, think about followings separately: Shale gas---AWE done the may/june anysis soon. Xanadu alone----28 mmbbl(potential) Red hill south----7mmbbl(potential) Puffin alone-----2.7c--15c per share(700 mmbbl potential) Mooneye alone---on shore low cost,easy to farmout or even Razorback alone---on shore low cost,easy to farmout or EP 368/426 PERMITS alone---Estimated potential recoverable 66MMbbl plus 300BCF gas (NWE20%) I would say each of above has much much higher value than 5c/share. not to mention to put together!!!