gas wildcat strikes big my figures, page-5

key take off from Shaws summary was the 1Bcf equivalent for the yr or $US6-8M. Expectation min 5Bcf reserves.. min $US40m over 5 yrs.

Shaw target $1.60.

Remember in all the carry on over what may still well be a short term (ie hedge driven) short of the oil price gas has actually been appreciating AND AMU are part hedged at $8US. so the more gas they produce the less the oil price affects the P/L.