Sorry guys - should have checked the calcs.
$47 Million X 3.53 ...
So this values the proposed 6200 PJ of 3P that could be proven up by the end of 2012 at $165 Million dollars.
Am I looking at roughly 6TCF of 3P for $165 Million dollars??
Less than $28 Million AUD for each TCF of 3P??
Still very cheap - I hope those other companies are more diligent with their figures than I was then.
