Thanks to Domum, Laz and others for gently walking us through...

Thanks to Domum, Laz and others for gently walking us through what is more obvious to them and stating then re-stating things in easier to understand terms.

As we move closer to resource estimates in "coming weeks" according to the last announcement (hope you get your SMSF soon) I thought it might be worth examining the Aurora O&G buyout.

I found this page: http://www.australianstockreport.co...k-picks/stock-of-the-week-aurora-oil-gas-aut/

Good call by that website as the company was bought out in 2013 for $4.20/share.

Interesting that DW references Aurora frequently and the NAV here seems to be $10/bbl (barrel) as well. I'm surprised the total amounts seem fairly low to me because the estimate for POO at the time was around $80 (from other Aurora documents).

So, IF this can be extracted AND the flow rate is good AND the NAV is around $10/bbl, what will we have considering (and I think this hasn't been factored in before so I'm raising it) the increased cost of production in Alaska?