Do any of you know how many conventional wells currently exist at Beetaloo, capped or otherwise, and in the event they were to be in production, what the production rate per day might be?

According to the Ryder Scott report, the low estimate is 8.27 bbls of resource for conventional oil. with a High estimate of 16.55 bbls.

Its my understanding that the industry standard cost of production is $ 10.00/bl

1 Barrel of crude is currently trading @ $ 73.02/bl

I pressume that taxes and alike are atleast 50% for a net cost of $ 46.51/bl,

Any suggestions on how to calculate the Net Present Value, if only using the Lowest Resouce Estimate, and allowing for the time required to recover the asset?

Spazz