whats it all worth

West Tulsa now a serious play

West Tulsa could now contain over 100Bcfe of 2p.

East Oklahoma 0.3bcf per site (80 acre spacing) 1375 possible sites over 110,000 acres = 412.5 Bcfe

Add in Osage

You are talking a potential 450 Bcfe

That should produce a net revenue of over $1b AUD at current pricing. PV around $400m or share price of around $3.00

If gas prices double, then it's a $2b asset.

Once those reserves are booked then the majors will start sniffing.

I wouldn't be surprised to see a 2p of over 150Bcfe at the end of June with this gradually rising to 500 over the next few years as the acreage has more data available.

Fry and Gilstrap are buying. What does that tell you?
Quit worrying about Prentice and his shared office in Perth. All the action is in Tulsa and the people in that office.

One day soon this stock will respond positively when good news comes out.