Page four, it says VIC/P47 is for sale up to 100 percent,a...

Page four, it says VIC/P47 is for sale up to 100 percent,a successful sale should provide ample money for OBL.
Combined 2C and P50 gas resources of 150Bcf.
Based on coopers purchase of 50 percent of sole,   Vic/P47,should be worth over $30 million IMHO.

Raider

• Both permits are adjacent to well-developed regional infra-structure (Patricia-Baleen Regional Subsea Hub & Onslow Gas Plant)
• Both permits have modern 3D seismic data and defined prospects - Vic/P47 has two undeveloped gas discoveries - Judith Gas Field (1989) and Moby Gas Field (2005) which latter was recently deemed a Location. Combined recoverable 2C and P50 gas resources are estimated at circa 150 billion cubic feet (Bcf)

- See more at: http://www.rigzone.com/news/oil_gas...icP47_in_Gippsland_Basin#sthash.N5yB0Phv.dpuf