I think the point that is missed is the presence of oil is not up for debate , the inability to extract commercially is . I think I mentioned it before , lithium is every, you will find it if you drill at your local cemetery . Doesn't make your great grand fathers plot an asset worth listing on the ASX though .
In the cooper basin , there is high pressure gas everywhere , it's a massive multi TCF resource - the domestic gas price is flying , so does that mean CB gas is valuable and commercial - no it does not - the cost to extract is too high .
SL - the currency adjustment is a very strange one , as it's not Simply an accounting thing - it has directly impact cash flow . Did their asset sales have a currency variable . The Magnitute makes no sense
What also makes no share is the production numbers 11 BOE ( equivalent which means some could be flared gas ( a 37-75% net revenue interest ) at a cost of 29k for the quarter - explain that one of you can
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