re: 14 oct 2004 icn epe: nulla nulla-1 to spud tod Assuming oil price of US$30 pb. approx. AUS$40.
If profit is AU$5 pb.
27.5 x 33.33% x A$5 = AU$45mill
current market cap = $16mill
if they strike oil sp should move up
poised, page-4
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