icon energy action group website, page-8

Well I always said that although I strongly supported a NO vote and keeping the Baldwins out , I also said I would objectively evaluate any plans that the Baldwin camp put up.
Seems like the decision just got more complex and a bit harder.
One point to note is that if the deals get done with Stanwell then they will own half of the CBM reserve, so the values put on by Baldwins need to be roughly halved. Also they need to be calculated on a NPV basis.This would give a very different result,....somewhat lower.
Feel free to correct me if I messed up the calcs or misread the Stanwell deal.
Occam