Okay, now with the workovers we would expect:Assuming...

Okay, now with the workovers we would expect:

Assuming $70/barrel
Profit = Revenue from Lidsey + revenue from brockhman - opex = US$51.75/barrel

Assuming tax rate of 30%
Profit after tax = $36.225

Assuming exchange rate of 0.85 for AUD/US
Profit after tax = $42.6 /bbl

500bbls would produce a profit figures of:
Monthly profit = $639,000
Yearly Profits = $7.77M

Assuming again the field only lasts 5 year and a discount rate of 10%, we get:
Approximately $30M
per share = 23cents

Again after workovers are done the field can easily longer than 5 years...

Please verify these calculations yourself using the capital raising slide 9 as a guide.