If CLR are awarded the tenement EPC 1175 then straight up we...

If CLR are awarded the tenement EPC 1175 then straight up we will gain another 7.4 million shares. At current prices thats another 11.5million dollars worth of shares when we are already trading at a discount.

CLR's market cap fully diluted with escrowed shares is 165 million. The figures you posted already show she is cheap. With CLR's current JORC the fully diluted market cap is still below the lower valuation you posted of 184 million. If they increase JORC closer to the target of 400mt then who knows what will happen to the SP? Right now WAL is in a very good position.

CLR tightly held..many shares escrowed for 12-24 months. WAL own a massive piece of the pie and can progress our own projects in the mean time as we have a good amount of cash at bank. Doesn't get much better IMO.