See post 8492750 which Ill duplicate as belowPoint is under the...

See post 8492750 which Ill duplicate as below
Point is under the Browse section 2nd point...
Kar are confident of this amount and hasn't changed this view
Also see last point under other re $30 per share
Good luck to all ..

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Phone conversation with an authorative source summarized in order to the best of my ability. Some of the info is probably already in news releases. Please do your own research on any of the below points

Browse
- Currently into the Plover Sands. Another month of drilling and coring to target depth plus 2 weeks testing.
- Confident of 10 TCF. 5TCF needed for Darwin train. 3 wells to confirm size of field
- Over the 5 to 8 wells believe more oil / condensate / liquids will be found that will held fund CAPEX
- 314 block farm out - 10 companies have been through data room
- Have been cold called by Japanese and Indian companies wanting karoons gas
- Gas sales in place by next 2 years

Santos
- Over 20 companies have been through data room
- Some companies wanting to look at Peru as well
- Have 3 tax floors to deal with
- Data room effectively open since Easter. As a measure Conco took 6 months to make decisions on Browse farm out. Propose contracts are substantial in paperwork
- Earlier offers for farm out some companies wanted 70%
- Drilling November 2012
- Joint 50% partner in next door prospect Pan Pacific?? estimated 440 mboo

Other
- Investor road show end September
- 400 funds waiting for browse and santos results / data / information
- Broker ratings around $10 per share however privately touting $30 per share if Browse ans Santos successful