Ann: Cliff Head Static Modelling Results, page-3

So they reckon around 10 million barrels recoverable , from these fields that are contiguous to Cliff head which still has around 5 million recoverable (my guess) .
I think 5 million plus 10 million = 15 million barrels recoverable but my math is bad , lets say each barrel is worth $A 90.00 that is A$1.35 billion insitu value

Ok so it can not all be pumped out tomorrow so there is some type of discount and there are lifting and capex costs guessing $30.00 a barrel however doubt if that would reduce the NPV value to under $500M and we are sitting at a market cap of $29 M ---------- something has to give .
The above ramblings is really pie in the sky stuff would be great to get some figures on expected : completion cost per well , average production rate expected per well , decline rate , lifting costs per barrel , royalties , ownership % , interest rates they can borrow at /WACC