Summary
- Very Large Oil Resource – 619 MMbbls of oil – Best Estimate Prospective Resource level –Shallow Depths
- Early November 2014 drilling activity e.g. Pryderi-1 – Potential NPV10 40 MMBBLS ~ $765m (100%) (fully funded by CalEnergy Farmout):
IPB diluted interest 40% ($306m NPV)
27 Other follow up Prospects and Leads 2 Permits
- Highly qualified Board & Management Team
- Market Capitalisation at 36c, 28 Oct. 2014: $39.6m.
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