Ann: Jaws Pilot Update, page-39

Just read the Strachan report from the 29th of Jan.  You can get it from Strike's website...

Basically they estimate $1.6Billion / 3.7Tcf proven to 2C.
Page 6 of the report....

Code:

Strike estimates Prospective Resources within its Southern Cooper Basin permits of
over 11 Tcf of gas. Strachan Corporate reasons that converting 3.7 Tcf of this gas
into a Contingent category should be worth over $1,600 million to the company,
which compares favourably with its current market capitalisation of $76 million. The
challenge for management is translating as much as possible of the prospective
valuation upside as possible for shareholders.

It is a good read and I'm guessing they will spit out another one after Jaws.

Awesome timing really due to the tight supply of gas on the east coast thanks to the LNG trains in QLD.