Possible Take-Out Price, page-44

good to see your trading your plan.... mine too by the way!
ok this is what we think at present .

flow testing done ( should be successful )
wait for offers of a t/o or j/v for a very small %
if none raise capital for 2 more wells
should be $18 million each as we understand wgo/stx?????
from bridge street last broker report

0.67USD: AUD spot and 0.70 USD: AUD long term exchange rate. Per share valuation based on estimated post June 2019 capital raising share count of 674m shares (assuming issue of remaining founders’shares).Includes additional $20-30m equity forWest Erregullaappraisal(50% of seismic plus two wells at assumed $18m each), plus G&Aand Tesorillo expenditure commitments.Assumes Uruguay divested.