Ann: Otto to Participate in Production Acceleration Well at SM71, page-10

Should have been 0.86bcf (factor of 10). Makes it worth approximately 10% more (lower value gas increase)

SM71 D5-ST Rough Estimate of NPV of this well (approx $0.0022 / share; approx $0.0029 if no tax payble; approix $0.00086 pas share for a duster)
	Oil bbl	cu.ft
	271,000	860,000,000
	271,000	860,000
oil/gas	$80.00	$2.20
prod costs	$10.00	$0.70
net	$70.00	$1.50
revenue	$18,970,000	$1,290,000
total revenue		$20,260,000
well cost		-$8,650,000		-$2,850,000
		$11,610,000
less tax	25%	$8,707,500
shares		5,000,000,000		5,000,000,000
per share		$0.00174		-$0.00057
aud p/s	$0.6600	$0.00264		-$0.00086
need to discount cashflows (several years of production)
hence success case would be worth approximately aud$0.0022 per share
duster cost would be around $0.00086 per share
if no tax payable (GC21 writeoff), success would be approximately $0.0029 per share