yeah i can agree with you there chuti - NPV 7.5 => 6 cents per...

yeah i can agree with you there chuti - NPV 7.5 => 6 cents per share right now... add probably another 4 for the potential and you get 10 cents per share for the UK assets... I think thats about right!

"Top tier international fiscal regime –50% Govt take, less tax losses" - i'm not too sure exactly what that means, imo its 50% governemnt take less any accumulated tax losses - so up until the 1.5M pounds in losses is consumed, the government will not take any profits... And in dollars thats like $3M, so yeah those tax losses will probably last for all 9 years if no upgarde to the well is done...

Having said that i can actually see this asset being valued at 10 cents per share... Cheers for the info guys, this is a good forum!