EMR 1.98% $3.96 emerald resources nl

valentine structure potential 1tcf gas

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    ""Valentine structure, which has potential for over 1 Tcf of gas plus significant amounts of associated liquids.""

    EMR has 18.75% W.I, could spud in May07

    approx value figues if successful

    187bcf/gas X AUD$1.00 =AUD$187mm (*$2.28cps)

    187bcf/gas X AUD$1.50 =AUD$280mm (*$3.41cps)

    187bcf/gas X AUD$2.00 =AUD$374mm (*$4.56cps)

    the above doesn't include oil condensate

    *also the value per share doesn't include cap raising, figures based upon current 88mm shares fully diluted.

    as usual DYOR.

    regards
 
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