Well, on their modelling if current spot prices provide a value...

Well, on their modelling if current spot prices provide a value of 150c, and wells have a 90% chance of success, then risked valuation is 135c. Not bad and well above their short term target. A little behind some of our own long term valuations I'm sure, but good to see these come out. Need to get a few more brokers onto this and a few roadshows.

On a side issues, I would still be cautious about wanting to produce at high flow rates for the very wet wells. What we're after here is optimum total reserves produced, and this may require holding holding production back a little.