I agree with your calc's around Winx. I am wondering more with...

I agree with your calc's around Winx.

I am wondering more with where we might/should be in the lead up.
Our Mkt Cap pre the consortium Ann was around 106m. So to use your USD2/bl guess, at a 25% Cos, that should equate fairly neatly to an increase in MC of AUD100m, to around 205m...an SP of say $0.032.
(To simplify it for myself, I have ignored any intrinsic value the Icewine conventional prospective upgrade, and other progressions we have made with Yukon etc since Winx hit our horizons).

And if success were deemed a dollar a barrel, pre-drill should still see us at $0.024/0.025... Three bucks a barrel, $0.040/0.041.

RMP has already seen activity valuing Winx at a US dollar's worth a barrel (@ 25%)...So far, we've effectively seen about 10c worth here.

I've dismissed OEL Mkt Cap relativities here, as they were in the midst of the Big Tex FOMO when Winx was berthed, and in any case they tend to follow the POO around more than 88e/RMP, being a producer... and in light of that base, they may well be the best play of the three?

Exciting times ahead, whichever camp you're in!
And of course for the more intrepid punters, success should inflate those appreciation numbers fourfold.
So far as I can determine, the 47 session VWAP in London (since our SPP/CR) is a tick over 1.05p. I doubt that would be seen as enough risk/reward for the funders, so i believe our pre-drill FOMO is still ahead for us.

Often wrong.