Tdo put the NPV at around 120-150m for west seahorse.Their half-...

Tdo put the NPV at around 120-150m for west seahorse.
Their half- 60-75m
Or around 25-30c.
It is in their investor preso.
Takes in to account prrt tax on offshore oil- diminishing flow rates- site replenishment- payback of loans etc. op costs are approx $10 per barrel.

10m barrels will not be extracted in 5 years.

However when you get increased life from gaurnard formation and a successful sealion discovery(to be drilled 2014) the NPV goes way over $1.

The farmout of otway permit is a bonus.

Financing and capital costs all sorted via debt/equity is what everyone is waiting for. That will lock in FID and an exciting 12 months.

I expect something soon