ooraminna 2 still at 1085 m 6 july , page-85

Yes it's a lot of money Ravi,

A quick rough guide on a 2 tcf say 60 % recoverable gas /condensate will equate to 1.2tcf commercial flow and @ say $5/1000CF well head price this would equate to circa $5B revenue.

KISS method applying

Divide this by say 1 bill shares = $5 per share as a guide.

fine tuning required..however this will give you the quantum.

Refer to a close analogy for a working example...that is the EGO, EP389 GinGinwest 1 WA , discovery of a commercial find..onshore Gas and condensate situation not dissimilar to CTP for KISS methodology calculations.

Google "Wharf PLC" and look up GGW1 for a comparison.

Otherwise use pattersons for a guide...depends on the variables in the formula obviously...but I like the KISS method...whichever way you look at it ,it's very impressive.

Cheers HR,

DYODD...