Should say I hope that a sale does go through at a significant enough premium, however believe it is unlikely. If company is willing to pay $5.00 for a contingent resource then we are definately in the money with 2,000,000,000 barrels. However why would a IOC pay that as it would be about $4.00 a share. Unlikely company would pay that for an SNM share, we are not advanced enough for that IMO. Need a few more wells and some history, resources not to be stranded.


There is lots of room for speculation and interpretation of what a barrel is worth in the ground.