aminex announcement, page-2

Ever get the feeling they know more than they are letting on with nearly drill ready, gas processing plant, siesmic reprocessing well advanced. Buy another 10% cheap. I have a feeling 2tcf might turn into something a little more.

When you think at todays pricing 2tcf brings in 550 million a year for 15 years 20% of that is 110 mil a year for 15 years.

The Figures used are from good oil ROG report on a 4.9tcf recoverable lng csg resource so I rejigged the figures to match our 2tcf


COMMERCIALISATION
This size resource could support a 260PJ pa project supplying a 4mtpa LNG
train for 15 years. At an indicative selling price ex field of $5/GJ, this equates to revenues of $1.3billion per annum˜

TOTAL
The potential gas in place for both leases 8.2 tcf with a potential recoverable resource of 4.9 tcf.

Kind of gets you rather excited when really know what 2tcf and that give away of 10% cost them 55 mil a year in revenue.

I sometime have to kick myself and wonder why KEY has a market cap of 19 mil but that just makes me buy some more lol. We have heard figures of sp of 50 cents $1 dollar

But when you look at this sort of IEV $6.00+ is that out of the question. With the questions on valutions you can only compare it to what other companies say a similar resource is worth.