ann, page-13

R15, you should be able to have a pretty good guess at June 14 numbers now. I do best case, worst case and most likely case, we have all the numbers required to get pretty accurate. It doesn't have to be right but a good guide only.
The cash balance can guide as to how many projects can be done, we don't really need to know where they are but that is just my opinion.

The other unknown is a left field farmin like the ones we did prior year. There was a good mix VR, Port Hudson so gives good idea of price range and risk. I doubt we are building cash without a purpose so also worth considering and any movement here will change risk profile etc which we should consider down the track.

Did you see that Masur well spud last on 23rd, Even though it's not hours it is worth watching as it also helps quantify the potential in the area. Coastal permit for Louise has been cleared so just waiting on the DP approval now. Otherwise pretty relaxed but helping a mate building a house so not as much time for a little while.

http://ucmwww.dnr.state.la.us/ucmsearch/UCMRedir.aspx?url=http%3a%2f%2fdnrucm%2fucm%2fgroups%2fcoastalmanagement%2fdocuments%2focm%2f4822641.pdf

Cheers

PS. I used the template from "Shadders" on the STT thread to experiment with the colors, worth and having a go for yourself. Pretty easy once you get the hang and he has the setup in this post:

http://hotcopper.com.au/post_single.asp?fid=303&tid=2140385&msgid=12638219