palta as seen by whn, page-7

The 'discovery' payments are 5m per 'discovery' with up to 3 per block if I remember correctly, but that is small beer.

1% ORRI is often equated to between a 7 to 10% working interest.

13.5TCF prospect , some of it outside the block. Say 10TCF.

7% would equate to 700BCF to OXX at say 50c per thousand = 350m :- 230m shares = $1.50 plus liquids which could be near as much again. Plug in your own numbers.

As pointed out by kfann I think. 10 TCF would be enough to run two trains the size of Pluto. 1% of the revenue to OXX. The numbers are truly mind blowing.
But lets not get ahead of ourselves, first they have to find some gas.

However I will say, I have not given up on Palta. The NCB has been on site a long time and Shell/Mitsu have every reason to be very secretive about any success here.