Not fussed about the talk about 5 or 10 cents.A Southern Cross...

Not fussed about the talk about 5 or 10 cents.
A Southern Cross Equities research report on KAR pre-drill to quote
"KAR?s risked potential reserves of 20Tcf and 600MMbbl condensate equates to 4.2 billion boe which would value KAR?s 40% share at $44 per share."

TPT's Nova and SuperNova target of 107 TCF unrisked is 5 times as large as all of KAR's prospects with a current 90% WI looking for a JV partner. It's not as though these target's are in an unquantified gas region (and this isn't even taking into consideration Morocco). Coupled with the fact we've got less shares on issue it's a no brainer.

Check out page 96 of the Australian Energy Resource Assessment to evaluate the area being explored relative to other projects.
http://adl.brs.gov.au/data/warehouse/pe_aera_d9aae_002/aeraCh_04.pdf

DYOR