recall hartleys valuation of this asset.
http://www.oilex.com.au/index.cfm?objectID=A0E42271-E7F2-2F96-3695B57436BD0148 and follow the link.
12m price target $0.89
valuation $1.78
Alone, this JDPA farmout at 10% worth 240cps.
good to see PPP are also in the JV.