animex announcement, page-17

I have been scratching around on the net trying to find an oil/gas NPV calculator with no luck, so thanks reganbaha for posting that calc.

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My research on this is many years old now, but I had jotted down $15m spend to earn 20%. I wonder where I got that?.

Am I correct in thinking KEY has earned the 20% and is not still earning in with the cost of future wells?

I also have a gas price of 2.70/Mcf jotted down for TZ which also seems to be too low compared with figures above.

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So it is **not as bad** as I first feared and I hope the SP can maintain ground despite some expectations on prognostications from 89bcf to 335bcf. Certainly there is no reason for it to go lower, but that does not mean it wont, esp with that bot operator poking their nose in last week.

A real pity that the production permission is still not received but Aminex say it could come soon, at any time. I just hope this "soon" is the english language definition and not the Swahili or Italian "soon".

Heres hoping we get a bit of a run on production approval.