BB, You are probably right with respect to the SP at the current...

BB, You are probably right with respect to the SP at the current payload of 2mmcfd. 10mmcfd by my calcs comes to a value of around 10cps based on the cash flow of these wells alone.

However, one they prove up a bit more (say 4mmcfd and up) they will have proven that the gas can be commercially drilled and extracted. Then we are looking at a nett gain of around $15m per well over its lifetime. The revised estimates from RPS will tell us whether we are looking at 20 wells (as per current P50 estimates), or many more than that.

In other words: you are right - 2mmcfd won't do that much for the SP. 4mmcfd and up will really start to give it a lift for the reasons given above. 8mmcfd and up and things could really get crazy.

Cheers,

-disco