8.6 cents!!! 20% up, page-50

Hi Whisky,

My previous posts justifying what I think we are worth based on the expected upgrades of FAN-1 and SNE-1 are not too far back on the thread.

Based on today's Oil price and USD price, with upgraded estimates of FAN-1 and SNE-1, I believe that these alone should carry a valuation of 3.863B including our current cash balance.



This is before you think about;

- Upgraded recovery
- Carbon Sequestration
- Increased Oil price
- A degraded AUD vs the USD.

A major reduction in the US' ability to leverage Fracking - bearing in mind 64% of their Oil comes from this. To anyone that thinks that New York is isolated in banning Fracking - think again. Fracking is a disgrace and the health problems to come from this are only just beginning - the social movement shutting it down is gathering steam and I honestly believe it needs to be avoided.  - http://www.desmogblog.com/2014/12/2...g-calls-moratorium-pennsylvania-grow-stronger

The fallout from these bans will be wide felt across the Oil Sector - with massive leverage against these projects, I think the costs to the developers will skyrocket based on its future uncertainty, which will be a double concern given the current POO. As stated earlier, it is not dissimilar to the GFC - when bad debt was stacked against housing.

Anyways. Just my 2 cents worth..

Well done to anyone that took my advice, although a few pips out and bought around when I thought we were at the bottom!!