Ann: Operations Update - Block 430 , page-16

The Usual Suspects bagging the stock.

Investor Presentation Aug'08
330 - 2,000bopd in 4 years,NPV 10%,USD90/bbl = value AUD63M
I don't think anything has materially changed ??...oil will recover and production not out of the question.

330,430 total production 4,000 by the end of 2010 - either you think they can do it or you dont. If you're the latter get out of the stock if not go through and work out the NPVs (Ciggys has already given you the formulae on previous posts so it is just like painting by numbers)and make your own decision. TATU-1 is a goer - that's why they declared it a commercial discovery. Will TATU-2 confirm the potential of the field ?...we will all find out in 40-60 days.



Spozzie