Found this on another site. Obviously situation has changed with...

Found this on another site. Obviously situation has changed with GGX now having 55% interest. Number of shares on issue?


25mmbls in-place

Say, 35% recovery gives 8.75mmbls.

GGX is farming in for 40%(now 55%), giving them 3.5mmbls.

At an NPV value of, say $A15/barrel, is worth $A52.5m.

On 110m shares on issue, is, say, 48cps.


200mmbls in-place

Say, 35% recovery gives 70mmbls.

GGX is farming in for 40%(now 55%), giving them 28mmbls.

At an NPV value of, say $A15/barrel, is worth $A420m.

On 110m shares on issue, is, say, $3.81ps.

Anyone care to do update
dyor