how much should i bid on opening, page-14

I would rather wait for Sav approval, but he seems to be logged out, and he draws reference to it himself. So I'm sure he won't mind so I will do it anyway.

I know it is a little hard to get your head around how to post an image on HC so I assume that this is the reason that he has not yet done it.

Anyway this is Sav's post from SS (I hope you don't mind me doing this Sav)....

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Ok with the new targets defined; an updated valuation is attached below. Once again I take no responsibility for its use due to the numerous variables.

Some changes to note from the previous;

i) Increase in shares on issue (dilution) modified to 400 million. This is approximate and was thrown in for obvious reasons.

ii) NPV for oil modified to $40.00 bbl given the recent turmoil in oil prices. However in saying that, the $20 utilised previously was a very conservative figure.

Notes;

4.577 billion barrells UOIIP now outlined by the company.

around 5+ TCF UGIIP outlined with potential for another 17 TCF pending the 1153 line kms of seismic

34-70 TCFG (CBM)

189+ BCF He

More to come.