should buy now, page-3

A forum is not a place to get buy/sell recommendations. You should come here with an open mind, gather ideas and thoughts and then MAKE YOUR OWN.

I just wanted to touch on 5hareholders calcs. I calculate pricing a different way and as such have a different price impact that T gives.

Our fully diluted market cap (including the extra options and shares to be issued after the AGM) is about 4.4bil. Mark Freeman has stated (in this announcement http://www.asx.com.au/asxpdf/20110131/pdf/41whdk97y00mz0.pdf) that T has an NPV of between $69mil and $215mil. With super conservative oil and gas prices of $35/oil barrel and $3/mcf this gives you a fully diluted $0.0156 and $0.0486 share impact. That is 300%-1000% on todays prices.

But please, T is a very risky play. There is every chance that it will miss and the price will go down. There is huge upside potential.

Would welcome your thoughts on this 5hareholder, I have been unable to find expected flow rates of this well. If my calcs are anything to go by I think it would be closer to between 300BOEPD - 1000BOEPD net to us.