great strategy for the future, page-2

Drilling of sealion on the new rig will cost a fraction if they used another a drilling company. Has 80% chance of success to add 20m barrels to current MOPU.
We r talking adding 20 yrs to life at >10,000 barrels a day.
Put the projects NPV closer to 500m (TDO SHARE)as there are no extra capital costs...
Company playing down this as there is no certainty of drilling, but I would expect it to be no brainier.
REX technology puts the prospects at vic/57 as extremely high chance of success.
Then we are talking cash flow and drilling other prospects and such.

My valuation puts company at 30c not pricing in any prospects.
Also I don't include the saving from getting such a cheap rig which can drill as well as pump. Could be closer to 40c

Sealion bolt on is $1.50-$2.00 +++

Recent selling is complete with fund manager having to re weight...