16.5c cash/share +1000bblpd+1c/share interest , page-35

Tinstuff
Doesn't hurt to err on the conservative side although $5mil net to PPP for CRD appraisal implies a gross cost of $100mil which is unlikely.
Another factor wrt cash balance at end of Dec qtr is when tax payments fall due...

Some of you are quoting 100mmbls target for CRD well. I'm not sure where that figure came from.
Premiers LSE release ~16-11-2010 has the following figures for CRD.

Low 10mmboe
MEAN 60mmboe
High 80mmboe

I think MEAN 60mmboe is the one to run with as that's similar to P50 estimates. Should also be noted that some of the barrels of oil EQUIVALENT consist of gas which has a lower VALUE than oil.
All that said, its still a good risk/reward play for PPP.