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05/09/12
20:37
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don't be too harsh gents
back of the envelope conversion of greater Heron resource into boe
u can show that 1 tcf of gas = 167m boe
therefore 5 tcf = 835m boe
835m boe @ $us80boe = $us67B (gross revenue)
& its an appraisal well - COS > 60%
& ENI pay the drill costs
with a market cap of just over $100m
& cash presently of > $50m
& multiple other drills & opportunities
as my old man used to say to get ahead in life you must make a bold move
almost a free hit
short at your leasure - the pleasure is all mine
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