lots of doe, page-3

re: lots of doe new presentation Great presentation super. As you say safe plays in Aussie to support present values, gas in Bowen/ Surat and oil in the Cooper, the UK play could be greater then I anticipated.
In the presentation SHG indicate the 50% share of Wellington1 to SHG is 100 to 230 mbo net.
100mbo net to SHG = A$5 billion @ oil (A$50/bbl) so with 200 million shares gives us ~ $25 per share.
If they hit the upside of expectations 230 mbo we are looking at a $50+ per share.
Have i made a miscalculation - seems phenominal with the shares trading at 46 cents. cheers