Gavtech, that is a little over the top at 20 BOPD total for T&T...

Gavtech, that is a little over the top at 20 BOPD total for T&T across 2 billion shares.

The real T&T maths are:
A. 700 BOPD (as purchased)
B. Realistically an additional ~5 wells before Christmas
C. Average discovery at T&T is ~20 BOPD (possibly rounded up from 17.6 but lets take the known disclosed mean).
D. Total for Christmas is 800 BOPD (A + C)
E. Current optimistic price is $100 (makes maths easy)
F. Current margin is $25 profit pre tax
G. Revenue = 80K / day (D * E), profit = 20K / day (D * F)
H. 20K / day profit over 365 days in year = $7,300,000
I. $7,300,000 / 2 billion shares = 0.365 cents / share profit
J. This represents a PER of 24 at 9 cents per share for T&T alone.

Taking a close look at those maths, the www.delisted.com.au vortex certainly is pulling at the Range Pirate Ship and Pirate Pete's Fleet rather strongly.

Hopefully, this board members can make some objective calls around the maths above.

8, 7, 6, 5, ...