takeover target, page-6

Agree that takeover too hard due to large director holding. Also as mentioned he would only sell at a price that fully values the co
company. As the thoughts here are that they are undervalued then it would take a much much higher price than current price to succeed which means attraction for predator diminishes. I have been following this company as I like the cooper basin however for those that know this company well can they provide me with a quick value and what the sp should be worth based on reserves. For the record I think 30 per barrel is the most that should be assumed. I know there is some uncertainty on reserves so perhaps a value range may be best.