food for thought

Ah Dr..... the man called the dart would be in Ken Talbot's league not the pauper swan.

Something worth noting for all of us.... ( world hanging together)from the AGM.

Robert mentioned the pulling of the float by KAR....which at the time we correctly stated was the case - apposed to the narks who of course saw it differently ......and that KAR was offered $2 per barrel and KAR wanted $3 and would have settled for $2.50....Bella's mentioned in his summary how lucky we were this didn't eventuate.

Let's look at it again using the $2 insitu value right now at 1.995 Barrels as quoted and remember they were prepared to pay $2 on old data and 3 D's and Degoyler McNaughton's assessment - so certainly they would pay 2 today based on updated resource, data and world economy being slightly better than time of the float and the new Degoyler McNaughton resource estimates due end 2011.

1.995 by $2 = 3.9 billion dollars in Brazil alone

Our market cap is what around 1 billion so we have worse case scenario 3 times our current market cap just siting in the ground.

Browse - Peru - 21 new leads identified WA -314 which someone pointed out was next door to WPL find and Mark Smith said P-50 4 tcf i think from memory. Ad all of those on top of this simplistic equation.

Ah Brazil...that beautiful piece of land

#3478186 this post for newbies is well worth a read...puts posters into perspective.... Reference BRAIL


"and are among the most inaccessible on earth."
Ramp Ramp

Browse basin is it!!

Browse Basin is but a tasty entree to the main meal ..Brazil makes the Browse look like a postage stamp...now where have i heard that before?


Haven't quite got the tightest pants as still a long way back...but i am very comfortable now that we can exceed that previous SP.

Deansey we are now looking at 6 greens and 12 sand scrapes for the Royal and Ancient...better than a few months ago.

Swan