Best case scenario for 31/12 is HDR = $A7.06 This scenario...

Best case scenario for 31/12 is HDR = $A7.06 This scenario represents the best case for the end of December. Assume that all 5 wells are drilled and are strikes, upgrading the probability of success accross the whole acreage. Assume the average barrels per day flow rate is 25000 instead of 16000 and that the oil price hovers at $US25 instead of $US19.

This gives a HDR value of $7.06. At this price I retire, buy a house in Bondi and spend my early retirement sipping Cappacinos on Campbell Parade. Ah the good life. C'mon Teddy Ellyard, keep this winning streak going.

http://home.mindspring.com/~smstuart/myfiles/mauritania_winners8.xls