90 million barrels potential fever ... how about 8

AED has only 90 million barrels potential.

CBM, a new UK kid admitted to ASX today, owns 55% of Xtract Energy. Announcement on today by Xtract Energy " ... recovery from Julia Creek shales would be in order of 150 litres of light crude oil per tonne of shale. ... Julia Creek leases results in estimated in-situ shale oil resources of over 1.6 billion barrels of oil ..." so CBM's share is about 800 millions barrels of oil potential

CBM's market capitals is " ... £121m as at close of business on 5 September 2006"

£121m is about A$302 m (using ratio of 0.4)

NB : I am not qualified to give advices to others to buy/sell shares. The above is just my personal opinions and as such am not responsible whatsoever for anyone buying or selling shares based on my opnions.