Some basic oil in place figures, page-94

I agree the original 100 to 200 bagger comment is much easier to make from 0.007c.

To get there from here with the results we have and in the future going to need extraction rates somewhere between original estimates and eagle ford. Ice 2 goes well and we get 30% things start looking very attractive. Would also need a farm in partner to build the lease and poo to hit at least $50 and that assuming it's costing us 40$ to break even. The technology used to extract oil on a clean slate such as our I would hope using the latest technology should hopefully make this much more economical then originally suggested.

28 billion barrels 30% recovery say 9 billion if our own ship is 50% 4.5 billion times 10 45 billion. 3 billion shares on issue $15 a share.

Question is is the play that good could be better could be worse we don't know what our farm in deal will be we could end up with 20% but with superhighway etc the information that's been provided and the current poo is be happy with $1 or potentially top slice on the way up over a number of years and one day retire.

Unfortunately only thing that will prove anything either way is a lot of time but we will be feed a lot of information along the way to make our own minds up when it's time to pull out and find something else or hold tight.