so Lindsey is close to $AU800mill of indicated oil at current...

so Lindsey is close to $AU800mill of indicated oil at current prices. if they can get 500bopd they will be making over $AU12mill pa for a good few years, and then likely selling the project on for a profit when oil peaks again, all on a $4mill outlay. i expect that with this particular scenario the profits will remain fairly high purely because it is an onshore play with equipment in place, so the slice of the cake will be big in the first place.

plus the $AU2mill in usable tax loss on the purchase should help make this pay itself out in under 2 years.

and some are complaining about wasting capital...go figure