$1.00 is just for the retained value of Flanagan. The Seal Rocks prospect is the really big deal (maybe). Not sure why they are 3d ing further Sth though. Either way, the seismic will bring things to a head, Noel doesn't have the cash for it unless he either farms down first or gets a cash payment for the buy in of WA 527 P. Its worth keeping in mind though that CVN are drilling next door to 527P with a good COS so the permit (which is huge and has quite a few prospects) could suddenly become even more valuable. Am shocked he hasn't been able to get a deal on T49P but the drain on funds might finally kick him along.
How Long Do We Have To Wait??, page-21
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