ok so using nz steve's model, with a very conservative 60...

ok so using nz steve's model, with a very conservative 60 million barrels of reserve, taking into account PRTT and capex, with oil price in 1st year at US$60 and then US$50 for every year after, the NPV at 10% discount rate is AU$6.50 per share!

Note that oil from the puffin field is usually sold at about US$5 premium to tapis.

Obviously this excludes further upside from the rest of the puffin field, woodlea prospect, higher price of oil, etc etc...