rough valuation, page-13

You're obviously new here, it's quite simple Mortie, just have a look at the recent production figures, declines are very minimal even after 60 days most wells are above 800 boepd so 600boepd would appear conservative wouldn't it? Then I've worked out how net wells AUT will have Cy end 2011 from the information supplied by EUROZ. Then times 15.8 by 600 this gives you you're gross boepd. I've taken out %40 tax & royalties on my calcs.

It's not just me predicting these kinds of production figures, their have been numerous posters with predictions around this figure.

It should be noted that when EUROZ first came up with the 5000boepd it was months ago when less wells were on production and their using the decline curve set by NSAI which in reality is incorrect. Wells are tracking at least %30 higher than the type curve.

Big money is made by correctly predicting what is going to happen in the future, most of what company's and brokers are going to say are going to be very conservative so they don't come of dodgy if targets aren't met and they look good when they are surpassed.