Ann: Appendix 3B, page-13

to howie1300,
The big boys (i.e. Santos) have strategy units with experts to make an appraisal of what has been found so far.
(Remember we have SANTOS and Origin energy leases on either side of us so they know what there leases are worth and they could be interested in our lease.) 
They then have to make a judgement call and our board will have a view with our experts. 
I guess we will find out an answer to your question IF someone makes a formal bid either for our lease or our company.