Thanks!
Never heard of a corporate paying discounted cash flows for 2C resources. I think some posters are better Geo’s than analysts…They may get US$20/bbl of 2C Resources (US20 * 70mmbbl = US1400m = AUD1870m).For me, there’s a bit of froth in this dish but it’s always the way with investors who are chasing exploration riches…Enjoy the ride but one must be careful not to get “high on their own supply”
APUS SPUD imminent and a biilion net profit potential, page-30
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