reserves upgrade to harcourt south, page-5

If you look at the valuation table from baillieu not much value is given to the Harcourt area at this stage, and with such a small 2P figure, this is only really worth a few cents of value to MPO currently....

That said good potential there with a 3P, and obviously more drilling is required.

Still think other projects have much more upside though, at least until horizontal drilling technique has flows of over 1Mcf/day... that seems to be the mark where you have a really good successful field in the making.