Its bit easier to read here:
http://www.adelphienergy.com.au/files/brokerreports/Hartleys%20Broker%20Report%2026%20March%202010.pdf
I also like:
If initial results from the next three wells (expected over the next 2-3 months)continue to be strong, there is substantial room in our valuation for further large upgrades in price target and valuation, as indicated by our unrisked valuation of 188cps.
