The 12.5 cents was once estimated per billion barrels discovered and would surely fluctuate based on oil price if it holds true.
Facor that we should expect an upgrade to estimates posted by V10 based on Long Tony's take away from AGM.
also worth noting that all eyes now on the north of Galp(which inc our lease) who claim a 10 billion barrel discovery which at this stage is the largest single oil discovery in the region.
imo, not enough data to run estimates until we have 3D.
my strat is to harness Iians faith with 3.5 cent oppies and bottom draw. Great time to topup while we await next milestone.
General Thoughts, page-2639
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