wont know until production testing, but I expect 2-3 production...

wont know until production testing, but I expect 2-3 production wells would be the scenario.

The competent person report released last year has info on the potential economics of this prospect.

From memory $90 per barrel of oil had an NPV of $27 million or so million assuming around 1.4 million barrels of oil. Multiply this by 40% for ERH interest, around $11 million.

NPV seems to inrease by around $9 million for every $20 increase in oil price which is interesting (Go oil!).

Cdchi1