asx100

MC is close to $1.6B now, with another $400M in the bank. S&P ASX100 stocks seem to be capitalised at +$2B so surely we are looking good for inclusion in 2011 . . . and the shares are fairly tightly held. When the Index Funds gotta buy, sp's gonna fly. And the exposure will be priceless.

Once the Enhanced Oil Recovery (EOR) process starts to deliver some earnings, the prospect of $2B in yearly earnings 5 years out will be hard to ignore. Not that I'm saying a market cap of $20B could be justified . . . that would be overlooking all the non-EOR activities of the company, like O&G, royalties, GTL . . . and I've got the impression PB wants to give a dividend every year until we've all been taken care of in the mansion department.

But please let me balance my drooling expectations with a little downramping: "be warned, some of these subtantial dividends will likely be unfranked".

Don't mean to upset anyone . . .