Very interesting replies by all. Very much appreciated and I am...

Very interesting replies by all. Very much appreciated and I am sure a lot of people
are getting good value out of the discussion in this thread

The main 'take away' points for me so far are:

1.) Our Share Price should be 12cents per share (that's just for our 15% of SNE - no other assets).

2.) In order to increase our SP we need to find either another 100mbls of oil or have the price of oil (current approx. $50-55 USD) to go up and above $75USD per barrel. That will increase our NVP from $6.50USD to $12.50 USD. This could be achieved by increasing SNE - drilling FAN-2. We also might have an exploration well drilled within DJ this year (if we continue down that track - subject to the outcome of the 3D seismic).

There might also be other events such as surprise exploration wells if we pick up acreage with CNOOC.

Obviously the connectivity testing might increase our reserves. On that note: Does anyone have any idea as to how much we are expecting the connectivity to potentially increase our reserves? (realistic figures).

Ele.