mackellar value, page-4

The AGM address mentioned a potential resource of 2.2 TCF of p10 OGIP, which implies 220 BCF of recoverable gas. A BCF is roughly equivalent to a PJ.

Within rights, if this was reflected as reserves, the field should, in my self educated opinion, be valued in terms of $ per share and not cents.

It is an overly simple calculation, but if a $4 margin was applied to 220 BCF and discounting of 1/10 was applied we would still be looking at around 20 cents per share.

In short, I believe that it is a company maker in its own right. There is a reason that we went over $1.40 when Kingfisher first flowed (equivalent to around 70 cents now following dilution).