2014/2015 possible projections.

2014 all figures in US$.

Jan-June 2014 production 8000 boepd Revenue = $144 million.

July- Dec 2014 production 12000 boepd Revenue = $216 million.

Total Revenue 2014 $360 million. Cash Flow $150 million.

Market Cap 4x Revenue(as per Devon Energy transaction)

=$1.44 billion.

Share price $1.44billion divided by 650 million(no of shares issued) =US$2-18 converted to $A =A$2-50.

2015 all figures US$

Assuming cash at dec 2014 $100 million plus cash flow 2015

$200 million plus bank credit $100 million =$ 400 million to spend in 2015.

Jan-June 2015 production 15000 boepd Revenue = $270 million

July- Dec 2015 production 20000 boepd Revenue =$360 million

Total Revenue $630 million cash flow $250 million[dec 2015}

These figures are based on their reports however these could

alter significantly depending on their lease purchases

which they have costed at $40 million and their new

production and obviously the price of oil and gas.

DYOR.