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  1. SilentPartnr
    1,550 Posts.
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    15/04/14
    20:07
    Post #: 13255604
    ME latest report has:

    12-month price target: A$0.75

    NAV : A$1.05/sh

    They have incorporated the existing production and the proposed phase 1 redevelopment of the D35/D21/J4 mature oil fields into their financial forecasts but have only included the Phase 2 EOR project in the NAV at a risked 10% for a A$0.03 contribution. For Phase 2 they assume drilling and infrastructure upgrades will commenced in mid-2016.

    Regards

    SP
    ROC Price at posting: 46.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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