If you take the best case of 1.2 TCF and apply our 20% and use a general rule of thumb that 1TCF is worth $1B, that puts our MC at about 240M or around 4-5c. I think there is a lot of upside to the 1.2 TCF and then their is lead E, but without wireline logging results, flow testing etc, not a chance of 7c on this announcement.
Take over between 4-7c is my bet.
Ann: Significant Gas Discovery at Lockyer Deep-1, page-71
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