New Cairn IP on their website, page-7

I've been thinking (always a bit dangerous). But ever since I saw that a low cost of $23 a Barrel is possible for SNE, I've been thinking what is required to get us to $1 a share (AUD).

Either its Higher POO or more oil. But how much? So I thought I'd throw a few calcs in a simple spreadsheet - Assumptions that won't necessarily be the same:
(1) we have 3.693 Billion shares on issue
(2) exchange rate is 1 US buys 1.4 AUD
(3) our share is 15%.

So can we be profitable at $30? Yes at the lower end of the possible cost scale - we'd be up $7 a barrel. To get to $1 a share we'd theoretically need to find 2.5 billion barrels overall (our share about 376 million). Sounds big, but shale are currently hedging their 2017 contracts at $45 a barrel and we won't be online for a few years later when prices should be higher. If we can get $15 a barrel profit, we only need to find 1.17 billion barrels (our share at 175 million) and it really seems to get interesting.

It can't be so simple can it? I must be missing something. Let me know where I'm going wrong? I'll be watching the upgraded resource figures with interest in coming weeks.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	AUD for $1.00 share	AUS$ Barrel	US$ barrel	USD to AUD	Our Share in Barrels	Total barrels
1	$ 3,693,000,000.00	9.8	7	1.4	376,836,734.69	2,512,244,897.96
2	$ 3,693,000,000.00	14	10	1.4	263,785,714.29	1,758,571,428.57
3	$ 3,693,000,000.00	16.8	12	1.4	219,821,428.57	1,465,476,190.48
4	$ 3,693,000,000.00	21	15	1.4	175,857,142.86	1,172,380,952.38
5	$ 3,693,000,000.00	28	20	1.4	131,892,857.14	879,285,714.29
6	$ 3,693,000,000.00	35	25	1.4	105,514,285.71	703,428,571.43