If we have commercial well, this could be a real winner with...

If we have commercial well, this could be a real winner with only 25 Mio. shares on Issue and a mc of about $3.75 Mio.

a 1 mmbbl discovery could be a 10 bagger (500,000 bbls for SEY are worth somthing about A$ 55 - 60 Mio. at current prices).

not to mention if we have a larger discovery ...

a flowrate of - let's say - 1,000 bbpd would lead to revenues of A$ 3.5 Mio. per month for the JV (and A$ 1.75 for SEY - half of the current mc ... per month ...).

wow ... I cross my fingers ... A potential oil pay of approximately 130 feet is really large ....