The WPL deal used reported 560mm bbls 2C (this has not changed), so indeed $1/bbl is fair imo
GO, you do your credibility no favours at all when you make outlandish statements as made above! Now if WPL had have purchased 100% of the entire 2c then $1bo could be claimed but WPL purchased a 35% portion of that asset and in their own press release provided the below statement;
Net working interest of 196 MMbbls acquired at attractive price of ~2.20/bbl
http://www.woodside.com.au/Investor...quire ConocoPhillips Interests in Senegal.pdf
From our MD..., page-101
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