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29/01/09
16:36
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well roughly 3500BCF = 3500PJ
so high end GIP estimate
would roughly be 1750PJ to OIP (roughly 50%)
and 3P reserves going for around $1
therefore $1.75b
but hey, this is all pie in the sky until the drillbit produces, they havent had any success yet
should know first results around end March
pretty low MC should they be sucessful and it is ESG as operator so thats a big bonus, free carried too.
so cash should still remain greater than MC even after the 3 farm-in drills
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