management need to fess up, page-7

lust,
For once I agree. The Talbot field is untouched by AED. The upside is unlimited. The oil in place is estimated at 21MBO with a 50% recovery factor. Thats over a billion dollars of recoverable oil!
A BILLION dollars of recoverable oil totally disregarding the Puffin field entirely. And heres the thing. They now have the money to develop the field!
The above is taken from ASX announcement on 31/05/07 entitled "Acquisition of Talbot Oil Field (2)".