Hi Ron,
Yes from the SWE farm out announcement my calculation comes up with:-
us$ 5.7 + 2.5 +2.125 + 1 = us$11.325 million for 25% 0r us$22.65 for 50% or aust $30.888 million.
Maybe Strachan added in Tata Petrodyne's share of drill costs in coming up with HIS figure.
Whatever the case it indicates OTTO's 50% has substantial value (unrecognized) even in the current market.
below budget and expectations - plug and abandon, page-31
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