Olive Blossom,If you think that, you are thinking like a big...

Olive Blossom,

If you think that, you are thinking like a big dumb oil company (ie Santos).

140 bopd @ net $20 for 300 days a year is $2 800 * 300 or roughly nine hundred grand a year.

The well probably cost about $1.8m to drill and complete ; thus, payoff in two years.

Six hundred grand of the annual revenue goes to Stuart.

With 60 million shares, this is one cent per share of earnings.

Remember, we're talking a small company here.

As well, Hyperno hitting has significant implications for the prospectivity of the eastern half of PEL113.

While the extra $600K a year is important, that is the more important factor.