Ann: Development and Exploitation Plan submitted for SNE field, page-23

Even if we assume from FAR’s current market cap, $300M is attributable to SNE, based on having 96mmbbls that equates to $3.12 AU per barrel (i.e. it’s virtually in line with what COP ‘sold’ to WPL at when POO was sitting at $35), based on the prospect of 825mmbbls and 40% to FAR (330mmbbls),at the same price would equate to $1.029 B. Even if you assume the other $350Mof our MC relates to SAMO opportunity, we’re still at an MC of $1.3B or 21.6cper share.

I’d argue the level of conservatism within this above is at the extreme and we should well and truly be seeing above that, but like Whisky says, even if it hits 20c I’ll be happy. Disappointed that it isn’t what I personally think is a true reflection, but still happy nonetheless.