But don't take my word it is a fact based on Marcus Edwards...

But don't take my word it is a fact based on Marcus Edwards Jones report states "Cautiously assuming a constant crude price of US$ 40/bl and a 10% discount rate whilst adopting the “most likely”
geological scenario resulting from Conoco’s work as endorsed by Range, we arrive, at this pre-exploration stage fair value of AUS$ 7.00 per share"

http://www.rangeresources.com.au/fileadmin/user_upload/research_Reports/Research_Note_-_May_2007.pdf

Also based on Sproule Independent Petroleum Engineers Report stating "best estimate for Nogal Basin 4.3 BILLION BARRELS and high Estimate of 10.397 BILLION BARRELS

Very good considering Oil is trading at $76 dollars a barrel currently. That is worth about $US326 BILLION DOLLARS just on best estimate not high estimate. This does not take into account Dharoor Valley block