On Thursdays night's Skype session with RC and the discussion along with the possible value of the CVN...RC did mention the Ooraminna Retention Licence... and how this being a gas prospective zone there was the possibility of proving up the resource there...which would so add valve to the CVN.
I think he mentioned a maximum value case of so many GJ ????
AND a minimum value case of ??? PJ... being proved up..
and so yielding a full value CVN of 19.6 cents and minimum of 4 to 5 cents....or ZERO
But all of this was subject to the big if if if - ie if Macquarie did drill this in the subsequent 4 years...which would cost
them in the order or say 40 to 80 million.
This field (correct me if I am wrong) seems to be the best chance of getting anything for the CVN - yes?
Has anyone any thoughts on this.
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