I've struggled to put a value on the phillippines asset - what...

I've struggled to put a value on the phillippines asset - what sort of size of resource are they looking for do you know TP? The NZ asset seems to have been written off (after they spent a significant 1.8m on a 55% farmin) and again the Aquitaine assets I don't fully understand. The WA target looks okay - although they seem overly reliant upon a farmin partner to fund it. Any counter views/analysis is most welcome - I'm looking for another Gas microcap.