"So why are we eight cents and probably headed back into the...

"So why are we eight cents and probably headed back into the sevens if the news flow dries up? God knows. You tell me."

You may have answered your own question Ooo

"That's an easy claim to make because it cannot be proved or disproved for years. "

As it stands we have 84 MmBbls 2C net to FAR , no reserves as yet, no income for years and huge expenditure ahead if we go to production , so at around $400 mil we are probably close to reasonable value at the moment given current sentiment in the sector..still a lot of unknowns like the net pay for example and as Ya wisely mentioned the other day don't fall in love with gross pay...

How big this field may be is as you say many years away from knowing and at the moment the figures being bandied about are based on theories which may or may not prove correct, the further we move away from the FPSO hub and into the thinner less productive sands the economics change and as H mentioned in a tighter money enviroment the JV won't be spending large amounts on trying to establish the size of the field if the core is commercial...

What we do know is we have a very large field already with a very productive core of 31API oil, we have more resource upgrades coming, I doubt they will be huge as WN is suggesting but happy for him to be correct. When they start to convert resources to reserves ,we have a DOC plus a better handle on the potential size of the field then the market should start to respond more positively....a dual listing on an exchange more knowlegable on oil and gas might help as well...

On thing about unknowns is it keeps potential predators guessing as well as us..

It is great to see a more positive forum after all there are many positives with regards to SNE but it is showing signs of getting a bit frothy...

Cheers Whisky