Very simply after , itll lead to about approx 20mil in FCF after...

Very simply after , itll lead to about approx 20mil in FCF after replishishing and building further on production ...so alot of it depends on the end result of the drills but think added production + 20mil USD (converted to AUD 31mil).

Basically added Cash will be 46% of our current MC (or growth in the company assets by 46%) + the improved production and increased FCF for the following year.

I think its pretty clear the balance sheet assets of this company can double in size in 3yrs providing they can find the opportunities to drill and replenish.

In regards to SP who knows but at 30mil a year AUD (60mil US Rev as of today) one thing is for sure it aint going backwards. If you use BPT as the benchmark and look at thier cash build we are at 17% of their current FCF , 17% of their market cap is 200mil AUD and we are trading at 67mil (approx 4.5c) .... In saying this i think BPT is cheap as chips at the moment and by extension means we have upside also (should be $2.50+ IMO given thier proven ability to produce). BPT is pretty stable so deserves a multiple premium on OEL but just as a ballpark