time for project valuation

Okay peoples...let's come to a consensus.

Canning Basin – Backreef Area

Current Val = approx $5M
Potential Val = approx $80-$200M (48-117 MMbbls @80% less costs..who knows?)

Carnavon Basin

Current Val = $1-2M
Potential Val = $36M (800,000 X $45 profit per barrel)

Eastern Gippsland Basin

5% interest Vic/P41 –
Current Val = $1-2M
Potential Val = Unknown (please guess somebody)

Other projects….
Read about them but no idea of value currently or potentially.

We all hate the word “Potential” but great to have it in terms of coming up with a possible rise from current val’s $0.07/share to $0.15-$0.25/ share over the next few weeks.

Neil is overflowing with announcements at present so the anticipation is high going into this drilling work.

Would love some feedback / thoughts / ideas / but especially values on current projects from everyone.

Thanks in advance!!!