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  1. 1,893 Posts.
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    Well I don't think this will be much accurate, but based on cairn movement thus far,

    they have added about 300m Aud to the market value this morning

    so acc for Diff in %ownership
    equates to Far value of roughly 130m aud
    soo approx 50%rise =15c tmrw

    but hard to say how far will react and that's the beauty of our markets.

    I'm interested to learn more about the discovery in terms of the 29m net oil compared to the 500m oil bearing reservoir. Someone has spun a negative post on that already but that 29m can easily turn into more and it doesn't change the expected volumes that cairn have today officially confirmed. Huge volumes
 
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