npv

Not sure whether it was Wickerman or Ctindale that was the gun on NPV but would appreciate it if you could work it out......

NPV for co2 was $5US per share......unfortunately co2 was unavailable but we know that chemicals are available........ NPV is worst case scenario at least $1us per share.... ....=$90mil Aus/$1.50 per share........the current equity raising is attributing roughly 13c aus per barrel of Grieve oil...or 4c per share....if we sold 1/3rd of Grieve for 40c per barrel we would gain the same amount of cash and not get every other project that we have and ever will have massively diluted...Even giving away 15% of the field for someone to fund the core well ($800,000 us)would have left shareholders in a substantially better posittion.....fund 1 project and move to the next.....rather than trying to fund everthing at once....
cheers