+ valuation if arwon has 5 mill barrels (p2) + , page-6

Thanks for that.

I did mention that there were more holes to drill this financial year and of course we hope to discover more oil still. That is a separate exercise and is not included in any valuation.

So, if the share price were $2.50 or more after a successful ARWON discovery, then I expect any increments from the remaining successful discoveries in this financial year to be added to the mentioned $A2.50 or whatever share price.

Cheers,

Gerry
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I am impressed by the plate of the September presentation's page 15 and this shows the ARWON Prospect to be 2.5 km from the successful Worrior # 1 well.