GOP gippsland offshore petroleum limited

goblin what you think of this one?????????? ;)

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    Gilbert Well end of Sept/Early Oct.

    Can anyone tell me if these calculations are right?



    Just took the GOP/EBR numbers and ratioed to the fully diluted shares on issue.

    EBR will be 290M, GOP 122M (approx.)

    SO the math went
    EBR's interest = 10% 56M bbl*10%*50 = $280M. 290M shares = $0.96 cps.

    GOP's 50% 0.96*290*5/122 = $11.40 cps !!!!!!!!!!
 
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