Mr Briggs said......"Based on current production "WGP” will Nett...

Mr Briggs said......"Based on current production "WGP” will Nett about $415,000 per annum from these leases before any rework. This revenue alone will allow development of many new wells and cover many overheads, leaving shareholder capital for exploration and further development."...........

that statement was made on 20bopd -25bopd.
now you can safely assume that 100bopd is a definate, more likely 250 -300bopd range. so $415,000 will cover the "development of many new wells and cover many overheads". so now you would have a current income estimate of $2M (upper estimate $5M-$6M) ..........well life of apprx. 4 years , not bad figures considering market cap of only 9M.
plenty of cash left for exploration of the WA leases(50%), .........or maybe they would like to make those leases 75% or 100% holding...........just a thought.....

:o