Ann: West Erregulla Update, page-18

Rolla,
I guess you are referring to me ?

Perhaps you should put IMO on your posts as they are your views. You are stating you opinion about where you think it will end up according to various outcomes.

I ascribe more value to WE than you do. IF that proves to be anywhere near Waitsia quality then we have major upside. Remember they just bought UIL which has a few similar prospects in the Kingia / high-cliff. AWE went cheap at $600mil for what is now a smaller sized project than STX's 50% of WE ! ....without the UIL component.

Jaws is very hard to ascribe a value too as it has greater development costs and other complexities, but the size of the resource is extremely large. I think 80c-$1 fairly easily there if it works out to be a good result.


Don't hang your hat up on JAWS just yet. Accurate modelling is difficult when you are pioneering new technologies in new plays.


IMO........IMO