Somewhere around 2.00.Pure NPV calculations taking into account...

Somewhere around 2.00.

Pure NPV calculations taking into account long term poo, recovery % etc on the estimated size of the reserve is about 1.30 per share, taking the SP to 1.60.

Give this will prove the block holds oil. There is a second target in Block 20 of similar size to this target (Heron 1). If Heron 1 is good - then can pretty well bank the second target. For this -- another 40c being 25% of another NPV of 1.30.

There is hardly any value assigned to Mali yet. Anyone with the patience to wait will catch a ten bagger by the time exploration wells start.

good luck to holders