rough sums, page-6

My feeling is that in ground value of contingency 12mill
barrels would be around $15/barrell due to limited nature
of well assessment so far and no production..in theory that would give share value of around .25c/share..I would suspect that strong gas flows from multiple zones could push market acceptance more towards this figure..but who knows.

CVN, interest in Thailand [40%],..had their 4 mill barrells of reserves assessed at about $30/barrell IGV about 12 months ago..but it's share of production is about 570 barrells/day.so stronger performer.Share price only 4c and have $20 mill.in bank...so share price heavily discounted.
The market not making much sense really.