factual and current updates of emp, page-2

From the article I posted;

"the West Barracouta project will bring about 128 billion cubic feet of "wet" gas to the market"

"The project is expected to have a rate of return of about 20 per cent at consensus commodity prices, according to Bank of America Merrill Lynch."

As the article implies, potentially ~$110m in profit from this 128 BCF.

Judith is a stones throw from $5.5b of development, in the Kipper-Tuna-Turrum fields.

How would that reduce the capex? Surely some discount on the $550m figure? Is it unreasonable to assume a CAPEX figure between that and the $350m figure of the nearby Sole development? I acknowledge that this is a very simplistic approach.

To continue with this line, the Judith estimate is ~7.5 the size of the West Barracouta stated estimate, with potentially more to be added. This could put the project in the range of $700m+ in profit, nearing the $1b mark. Not bad for a $2.7m company.