disco stu, page-9

re: location of arwon and production costs. Notice the 2P in place went from 7mmbls in the last quarterly to 15.5mmbls in the September briefing-isn't 3D seismic interpretation a wonderful thing?
STU's reserves around the 3.2mmbls recoverable at the moment-if it goes according to prognosis Arwon will more than double this figure!!!
At $15 per mmbl that suggests a value north of A$100m, or $1.75 per share!!!
Go you good thing. Yes I am way long.
Cheers,TAS