best value stock on the market, page-10

Totally agree:

1 - we have an independent assessment from D&M conducted on P1 last year of 7.6 TCF (which did NOT include the Montara "icing on the cake" discovery) -

2 - we have confirmation the gas is flowing this week -"ie reservoir communication"

3 - we have a very expensive PRODUCTION rig instead of the current less expensive EXPLORATION rig (TOL)being pursued for Kronos by one of the world's major oil & gas experts (COP)

4 - Conocos oil & gas company's execs have chosen to exercise a $100m+ option with KAR to increase their share of the spoils from 51% to 60%

5 - we have market experts Morgan Stanley clearly stating there is a 70-80% probability of a material adjustment to stock price in the next 30 days

...and there is seriously speculation that this stock may not explode imminently!

This is simply farcical - do the math ...

171,000,000 KAR shares

minimum of 7.6 TCF valued conservatively @ $10bn per TCF ...

KAR's 40% equity makes that $4bn per TCF

assuming there is ONLY 3.5 TCF (worst case scenario)in the Poseidon structure we are staring down the barrel of:

4 x $3.5 BN = $14BN AUD
$14BN/171M = $80+ AUD PER SHARE

...never mid any upside from Lion or Grace or Brazil or Peru!...this is about as good as it gets!