8m strong oil shows in primary, page-18

I agree with most of what you say, however I am in this for the long term.

Current BOPD with Jingemia should be close to 500 BOPD for VPE.

If Wirraway can produce some 250-400 plus BOPD and the other wells then this has real potential to exceed 1000 BOPD. (not overnight)

If Wirraway can produce the goods it does have the upside based on 8 mil barrels to equal 40c.

8 mil = 40c
6 mil = 30c
4 mil = 20c
2 mil = 10c

8,000,000 barrels x $25 AUD = $200 Million Dollars
(40% = $80 Million)
$80 Million divide by 200,000,000 shares = 40c

This company depsite its history (except for their succees rate) has the potential to reach $1.00 by the end of the year or get pretty close to it.

Its current activities see potential upside reaching almost $2.00 so when taking into account its history of 50% success, this share price can only go up.