Thanks charlie, I just read that aswell as Peter Strachan's success valuation for PCL on Cormorant from June 2018.
If WDS elect to drill then the biggest prospect likely around 350mmbls with net PCL of 70mmbls.
In ground value around US$9 bbl or AUD$14.
PCL success valuation on this basis up to $1B so potential 6 bagger from here.
Nice, but those thinking about a Lambo might want to consider a cheaper model Tesla!
General Thoughts, page-225
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