advent preso out today 41.06 tcf ogip pep 11

Well worth the read guys and girls.

http://www.asx.com.au/asxpdf/20100517/pdf/31qcfns1gd2v73.pdf


One thing i note is that Advent are looking for upto 50% equity partners. I cant rememebr off the top of my head now how much exposure MMR has directly, but would be interesting to see how much direct exposure they have if Advent were to find a 50% equity partner, some money may flow back into BUY.

Slide 4 at the top has 3 new targets with all being possible Cainozoic Stratigraphic targets and only one of them is seaclem-1 and there potentials are TBA at this stage. Watch this space guys and girls.

Slide 5 does confirm that this new estimate is for only Seacleam-1 (as i have noted before) has the P10 of 24.76 Tcf OGIP alone on top of the original P10 16.3 Tcf OGIP potential. So now we are looking at P10 41.06Tcf OGIP.

For those who read my billion dolalr market cap post awhile back, going off what Phil assumed that a 1 Tcf OGIP = $1billion market cap.

41.06 * 15% = 6.15 Tcf OGIP to BUY share.

698,839,762 shares on issue

6billion / shares on issue = $8.58 SP estimate

Not bad for a 8 cent stock only a hundred bagger from here


Keep on BUYing

Harry out

P.S. thanks for the well wishes, and yes im getting plenty of sleep.