So what your saying is you haven't completed a NPV calculation...

So what your saying is you haven't completed a NPV calculation and are using the term generically to support your opinion.

NPV or Net Present Value is future cash flows discounted to allow for time value to calculate the crrent equivalent value.

We do not know the current cash flows from the Alberta Plains and Red Earth Assets so to say you have calculated a NPV you have to have made some very broad assumptions on information we have not received yet.

Further to use Santos proce for 2P reserves is not a NPV but a generalised estimation.

Now Im not saying the value you have applied to the company will.be imcorrect but we have not been provided with the information to actually calculate NPV as we have to understand cash flow.

If the company wants to win back investors confidence they need to present the operational performance of these assets so these valuations can actually be completed. Until that time we will have individuals quoting industy values, or $20 netback values without any supporting information to the true performance of these assets.

As it stands BIs NPV calculations and Friendish comments of $20 netback are equally wrong as niether have enough information to make this call with any validation.

The current speculation falls at the feet of management they need to start providing some information to shareholders.