Have a look at pg18 of presentation released this week.
2008 predicted at 6.5mil barrels - works out to be less than 18000 bopd. The 2007 prediction, also at 6.5mil, probably has not been revised downwards as 2 months have passed at < 18000bopd already.
IMO still reasonable value at current SP, but with many good opportunities around, I've hesitantly sold my holding.
Only positive I see is that reserve may increase in the medium term, but would IMO probably need to do more drilling!!
CCL
AZA
anzon australia limited
