mooneye alone

Mooneye in PEDL238,for example, carries a P50 oil-in-place number of 134.7 million barrels while Razorback in PEDL239 has a P50 oil-in-place estimate of 43 million barrels.

www.oilbarrel.com

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When SP 2.7c, think about followings separately:

Shale gas---AWE done the may/june anysis soon.

Xanadu alone----28 mmbbl(potential)

Red hill south----7mmbbl(potential)

Puffin alone-----2.7c--15c per share(700 mmbbl potential)

Mooneye alone---on shore low cost,easy to farmout

or even Razorback alone---on shore low cost,easy to farmout

or EP 368/426 PERMITS alone---Estimated potential recoverable 66MMbbl plus 300BCF gas (NWE20%)

I would say each of above has much much higher value than 5c/share. not to mention to put together!!!