early birds club, page-2

hi guys

also another well which should see drilling soon.

RPM's interest 20%

Tomcat #1

Targeting 3-6 million barrels of oil. Agreement now signed with Santos to drill in Jan.

RPM's Net Oil 600,000-1.2mmbls

=================================

one to watch out for Wirraway #1, Targeting 8 mmbls. Follows on from the Growler well.

RPM 20% interest..= 1.6mmbls

using a discounted AUD$50bbl = AUD$80mm

AUD$80mm divvy by approx 187mm shares = .42cents per share.

unrisked at P.O.S 30% = .13cents per share

we should see some upside once drilling commences..

as usual DYOR

regards


Subject early birds club
Stock Code RPM - ROMA PETROLEUM NL
Posted 28/12/06 9:38:01 AM
Posted by sandybeachs - sandybeachs
IP 138.217.xxx.xxx
Hotcopper Radio RPM on BoardRoom Radio
Post #1456567 - 41 reads
Start of thread

hi guys

one to watch out for Wirraway #1, Targeting 8 mmbls. Follows on from the Growler well.

RPM 20% interest..= 1.6mmbls

using a discounted AUD$50bbl = AUD$80mm

AUD$80mm divvy by approx 187mm shares = .42cents per share.

unrisked at P.O.S 30% = .13cents per share

we should see some upside once drilling commences..

as usual DYOR

regards