quick number questions:

Hi,

first off..let me say what a great thread. Lots of numbers, not hype.
With shares like these, you just need to remember why you own them, and let the market take its time to rerate them.

I just want to double check some figures:

Bank Loan Owing: $25 million (payable over 6 years).
Letter of Credit: $12 million
Cash on hand 30/6/07: $34 Million

Unused tax loss of around $1million local + $4.7million foreign. Is the foreign tax loss an NZ loss that can be utitlised in FY08?

Are all 43.5mbo 'recoverable'??

Would well life be around 5-6 years??

Clearly PPP is undervalued, but trying to figure out by how much.

My rough estimate of Net Present Value of the Company with these assumptions (and excluding all other projects)
= just over $200M-$220M (depending on Oil Price).


Joel