Ann: Sugarloaf Operations Update , page-23

Here is a copy of Huntleys most recent valuation report on ADI

http://www.adelphienergy.com.au/files/brokerreports/Hartleys%20Broker%20Report%2026%20March%202010.pdf

They have a short term price target of 45c on ADI,
A risked 12mth target of 74c and a unrisked of $1.88

Thats falling in line with my calcs on AUT , but AUt has the extra free carried wells at much higher % working interest.

So very very roughly extrapolating Huntleys i get for AUt
shrt term 60c+ 12mth risked 85-99c, unrisked $2.60.

Note these are very rough and my calcs only, i am not a broker so DYOR , DYO calcs and seek advice.