Ann: Braveheart-1, WA-333-P Browse Basin, Progres, page-6

re: Ann: Braveheart-1, WA-333-P Browse Basin,... AustinNZ

Probably about right, should still geat there over weekend, though.

IMO - the valuation of Braveheart with 100MBBLS is as follows:

100mmbls x $17.60/brl x MOG share 26.43% / 290.5mil shares = $1.60ps

As per my previous posts, the POO is based on the Stockanalysis approach, using todays POO US$82.56/BBL and A$0.9168/US$.

I know this calc does not agree with commodorecontrarion and others, but its a place to start to get a feel for the potenetial value.


oscarWon

Not sure how you get to $4bill. for MOG's share - am interested in your valuation though.