Giant said.......
"lng could offer to buy out obl for 2.5 current value at $20m and still only pay 8cents per share."
I think you have forgotten this little piece. If "backreef" is declared a discovery and they prove up 1m bls of oil.....what about this scenario.
World oil price @ $100 BL. In ground oil 1M bls @ $30B = $30M.
Now what's the other projects worth?
Offshore oil lease.
On shore gas
Gippsland JV.
30c and I'd consider it. LOL
Hey Dubya, any comments?
potentially significant new oil play, page-9
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