moomba-191 nav attributable to bpt, page-11

Just to clarify, the $1.13 valuation is Macquarie's estimate of the conventional infill drilling upside as STO goes from 1 well per 40 hectare to one per 20Ha (if memory serves me) across the whole Cooper.
The macquarie report specifically applies no separate value to the Moomba-191 shale well.
On a related note, I see they are valuing BPT's Cooper unconventional stake at 35c of a $1.60 target.
The interesting part for me is the moomba-191 well should allow reserves to be booked for some shale - it will be interesting to see what STO books.
Also, the well only fracced the REM, not the Patchawarra sands.
And the comparison to the Holdfast and Encounter flow rates is not a drama, those wells were drilled off-structure, so potential exists for a higher flow from production wells.