quarterly is out!!, page-176

Purd2,

Andrew sutherland quoted a figure of 8-12 billion dollars per 1TCF at the proactive investors forum/meeting in Sydney a few months ago when Zoops and myself attented.

Also if you have a look at BPT announcement dated August 10, 2011. They announced that their resource booking of 2TCF equates to in excess of 330 MILLION barrels of oil.

So going by the announcement of Beach 8 billion dollars might look conservative.

I know some people think that they are bul..t figures or don't like to compare oil figures into gas figures etc etc, but it was released on an official announcment by one of the majors in this country. These numbers are real.

Shrewd Crude has stated all along that 1BILLION barrels of oil equivalent can be potentially unlocked in the North Perth Basin.

If you go back to some of his posts he has done some rough numbers for you. He might be just on the money.

Also, to answer your question i am not sure if that is valid for Indonesia or Brazil.