Transportation costs are assumed to be c.$6.00 bbl for any oil...

Transportation costs are assumed to be c.$6.00 bbl for any oil discovery.

The GTF/GTL scenario is a CapEX payback of c.$25.00 per bbl.

Johnstone = $5.60 NPV based on (but not limited to): held interest,$40 USD bbl, c.500m diluted (hence not incl unlisted and listed opts), carrier costs etc etc

The production modelling scenario in conjunction to the above and based on a 750bpd production rate annualised(considering maintenance and or unforseen downtime) would theoretically add 30-40cps depending on how one would like to 'manipulate' the figures with the appropriate inputs inclusive of a PER.

NPV is an inconclusive means when it comes to actual shareprice performance. In general if we applied an NPV over all the targets/leads etc and assumed this value should be then reflected in the SP then you'd find nearly all junior companies would be trading in the $1's range rather than cents as their assets would be reflected (in its entirety) in the SP.