what is the sellers intension at 32c, page-30

Thanks.

Clark321, here's how to calculate PE:

Share Price/EPS on a NPAT basis.

Share price we know.

EPS = 24,000,000/300,000,000 = 0.08 = 8cps.

PE = slightly less than 4.

Now, of course, this presumes that all earnings go straight to the bottom line rather than on development/capex, which is not the case here as we are not retaining this profit but rather ploughing it back into capex and well development. Nevertheless, its a good "steady state" measure of the value of 201.