a potential multi banger

Targeting and commercialising 2 Trillion Cubic Feet Gas UGIIP mean an astute and a conservative risk investment for you and me.

In short and at current CTP SP prices a multi banger could be on the cards.

Ooraminna-2 is considered by experts as a 40-50% chance of success, today many will view the gas (non commercialized gas) finds at such shallow depth as having just increased our probability for success, if we can commercialise the potential of what Oo2 has to offer, the SP could potentially catapult to an Net Present Value (NPV) for CTP of over 0.50 cents per share.

The great thing about the quoted 50 cents, it is supported and widely publicised formally by Patersons and seem to be endorsed and supported by JH. What really placed the toffee on the apple, we have not even started to drill or discuss what Johnstone 1 and Magee 2 may bring as commercialised hydrocarbon opportunities.

Think we may have increased our chances of being part of a company taking its current share price of 7c and transforming it into a multi banger / 50 cents and beyond.


Definition (http://www.investopedia.com/terms/n/npv.asp)
NPV The difference between the present value of cash inflows and the present value of cash outflows. NPV is used in capital budgeting to analyze the profitability of an investment or project.