Woody, Haven't had the call yet from Italy but I couldn't bring...

Woody, Haven't had the call yet from Italy but I couldn't bring myself to have to sell any lower if I did get the call. Also it's Xmas and good time to relax, must say watching the comsec on GGE is worse than housework. It only moves when I go away so will warn you next time I go away!

R15, I like your thinking, always good to have a plan. I doubt it'll get that low and it's as risky now either way. The buyers over the last 4 mths are sitting okay and top 20 set also so there are not a lot of freebies left imo.

Found a good summary on the valuation methods (following from Big's post on the $100k/bbl). Gives some background, also are you guys modelling with excel- it is worth having a go with some different parameters +/- etc.

Link to Article: extract is from page 13.
http://miinvestments.biz/wp-content/uploads/2013/04/6-7-2-biz-overview-42013-v7.2.pdf

Cheers.