Just read the write-up and it is a very very very bluesky number based on recovering every indicated barrel over many years. I have been in this stock from 45 cents and just sold 25% of position. What interests me more in the write-up is the $14 they suggest as the value of their conventional reserves in the Taranaki Basin. I believe much of recent price action is based on speculation about the East Coast shales where exploration is just getting started.