Ann: West Erregulla 2P Reserves upgraded by 41%, page-30

Wot , You are being a little bit ignorant if you think these commercially sensitive numbers are not known by some. Also nobody says there isn’t any provision for the price scale up over time but I can tell you without being quoted to the exact number I’m very confident of my 450 to 475 figure for the base price , as are analysts that cover the stock. It’s one thing not to be told exact commercial details , another altogether not to be guided to a range . An analyst could in no way calculate the DCF of a stock without a pretty accurate gas sales price number . In fact if you are interested contact Petra and have a chat to the analyst who covers the stock. On the scale up it’s another question I asked the DD on the scale up it’s another directly and although I didn’t get much colour I was told there are provisions for an increase in price.

One of my favourite hobbies speak often to management where I have got sizeable position and ask as many questions as I can in as many ways as possible.
one of my favourite hobbies is to speak often to management where I have got sizeable position and ask as many questions as I can in as many ways as possible to understand detail that others may not bothered to understand or that others may not bothered to ask. I can honestly say that in some situations on some stocks I may know more detail than the analyst covering the stock. They may cover 15 stocks and talk to management to a three times a year where is I am I have three big positions and talk to management 10- 15 a year.
on Occasions the analysts have been nice enough to plug different assumption in their models so we can discuss valuation sensitivities

If one Is worried about increasing costs and Margin compression which I believe will occur to some extent then one should be more worried if there is any likelihood any GSA was done with a number starting with three. I think the additional reserves are very beneficial to both strike and Warrego. But on a relative basis I think Wgo will rerate harder Short to medium term . Please note my excitement and bullishness on the potential total return is due to what I think would prove to be a great ultimate average price in the low teens