Hi Tony
According to my tables the current FAR 7.7c, Brent US$43, A$0.73 combination represents 470mb contingent (2c) with nothing yet proven (as calibrated against the official Cairn estimate of 330mb 2C from earlier prices this year).
Methinks thats a reasonable middle ground based on what we have been told since then. You might not agree.
pj
Trading looking better, page-25
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49.0¢ |
Change
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Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 52.0¢ | 48.5¢ | $101.9K | 200.6K |
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| No. | Vol. | Price($) |
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| 2 | 48741 | 48.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 1786 | 1 |
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