When SP 2.7c, think about followings separately:
Shale gas---AWE done the may/june analysis soon.
worth 2.7c/share? (has potential $1 per share--BP story)
Xanadu alone----28 mmbbl(potential)
worth 2.7c/share? (has potential 30c/share, oil hit)
Red hill south----7mmbbl(potential)
worth 2.7c/share? (has potential 15c/share,oil hit)
Puffin alone-----2.7c--15c per share(700 mmbbl potential)
worth 2.7c/share? (fair value 5c/share)
Mooneye alone---on shore low cost,easy to farmout
worth 2.7c/share? (has potential 30c/share, oil hit)
or even Razorback alone---on shore low cost,easy to farmout
worth 2.7c/share? (has potential 15c/share oil hit)
or EP 368/426 PERMITS alone---Estimated potential recoverable 66MMbbl plus 300BCF gas (NWE20%)
worth 2.7c/share? (has at least 10c/share, oil hit)
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