it is till cheap, page-6

I topped up today at $1.89....

There is a lot of hype but even at a very conservative 3 billion barrels recoverable estimate (as opposed to 233 billion barrels) Arckaringa alone would justify a much higher price than current SP. There is a lot of exploration and proof of the estimates to get to that point and that requires a partner. Until we have a partner and an exploration program i dont think we will see price exceed $3. If the exploration proves 3 billion barrels recoverable then we will head north of $5 IMO.