bhp - value tomorrow?

Hi,
anyone care to put a value on the recent ann.
by bhp aftermarket today, what was interesting beside the whopping pay zones was how long the drill went for!!(since January)


Steve Bell, President of Exploration and Business Development for BHP
Billiton Petroleum, said today: "This is a very encouraging result on
a large structure. Of course, it is early days and the result must be
seen in perspective. While this is the deepest penetration to date on
Chinook, we must have more appraisal data before we can be definitive
about the scale of resource. Importantly, this strengthens our
inventory of BHP Billiton-operated discoveries in the area. With
Shenzi, Cascade, Neptune, and Vortex, we have a full appraisal
programme in place to evaluate and, if successful, create more value
by ultimately commercialising these hydrocarbon accumulations."

Drilling on Chinook-3 began January 13, 2003, using the BHP Billiton
operated drillship C R Luigs. BHP Billiton owns a 40 percent
interest and is the designated operator of Chinook with Petrobras
owning a 30 percent interest, and Total and Amerada Hess each holding
a 15 percent interest.

BHP Billiton holds interests in more than 340 blocks in the Gulf of
Mexico, where the company is actively exploring for oil and gas.
Deepwater projects sanctioned for development include the Atlantis
and Mad Dog oil and gas fields, in addition to producing assets at
Typhoon and Boris. In the past year the company has announced
discoveries at Cascade, Shenzi, and Vortex, all of which are located
in deep- and ultra-deepwater blocks.