Here is one of the key paragraphs from the Morgans Broker Report...

Here is one of the key paragraphs from the Morgans Broker Report published yesterday (Link provided in my prev post).


"...If we take the EV of the company to represent the current value of the Western Australia acreage plus the corporate position, we can then look at the value add for the Cooper Basin and Eagle Ford assets to get a range of values. If we value the PEL 570 interest at the cost of the 5 year program of A$42.5m (~A$33m discounted for time) and the EFS assets at the cost of the farm in the resultant value is A$114.05m or A$0.26ps, if we assume full issue of additional shares based on well performance in 2015. ..."