Geez PJ, good luck with that mate. A mammoth but not impossible...

Geez PJ, good luck with that mate. A mammoth but not impossible undertaking considering all the input factors
involved. Worth a shot if not just for discussion purposes though.

I continue to work towards a straight forward value proposition based on ;

1. 2 successful appraisal wells.
2. An increase in net pay of 25% on current estimates after appraisal of 115mmboo net to FAR
3. An oil price post appraisal October-Dec 2015 of $75 per barrel
4. In ground value assigned of $10-$15 post appraisal and hence confirmation of commerciality.
5. SP of in ground oil value of 35c-53cps.
6. Any premium you want to attach to this on remaining acreage.
7. Any further increase to that premium in light of any takeover that may be forthcoming.

GLTAH