Ah, well, SS, now you stir me into action… never let it be said I balk at an opportunity like that, as Mrs CC will vouch for
Well, I have no clue whether we have 2TCF on our hands or 6TCF or what the flow rates might be. Nor do I know, I suspect, quite importantly, what the gas/liquids ratio is or what the content of the liquids is and whether some of that information will enable us to fast track limited production of at least one hydrocarbon or another to generate some immediate revenue while the main game is under development…
So, I’ll say 75c by end of March just to play the game, but sky’s the limit thereafter.
My guesstimate timetable is a TH mid-next week, provisional results released Tues 8th March (Mon being WA Labor Day for the Socialist Workers Who Don’t Like Working Much my calendar says), then ORG to get their offer in to Eric sometime in April (noting Easter is 15-18th) to assume operatorship, increase interest to 60% and add Yulleroo to the farm-in package in conjunction with REP development and a founding stake in one or more of the Integrated Energy businesses to be floated, with a final virtual standing ovation for Eric at the AGM in early May.
