Ann: Oil Discovery in Catahoula Lake , page-3

They have said they expect target ultimate oil recoveris of 250k bls per succesful well

So PLX has a 75% Net Revenue Interest

and FUT owns 50% of PLX so 37.5% Net Revenue Interest

Very rough calcs but 250k bls at say $80/bl and 80c LT USD/AUD exchange = $100 AUD bl assume cost of extraction $30/bl = $70/bl gross proceeds

FUTs POTENTIAL ROUGH NPV of this well 0.375 x $70 x 250,000 =$6.5m = 0.002c a share

Nothing to get too excited about yet but a few more commercial success's and a healthy cash flow and it will be a differnet story