As a noted point, the drillers actually need to retrieve $26 million (AUD) so if we maintain the 10% deal, the development actually should have been calculated as being worth $260 million (AUD).
Government takes their 20% and that would then leave $187 million (AUD).
That being the case:
* Cash settlement $15 million.
* Loba oil field $187 million.
* Cash in the bank $7 million.
$209 million divided by 260 million shares = 80c per share.
As a noted point, the drillers actually need to retrieve $26...
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