Joseph,
We have not touched on this for a long time. Getting close to July, so here we go again. A lot of majors would kill to get $4/B 2C, especially if it is in the 600 mil bracket.
Should we win PE, 35% of 640 mil @ (just say $4) will give us $896 mil. We can keep another 5% and on sell the rest and have plenty left over after budgeting for SNE development, for another one or two A5 exploration wells. Hope you are reading this PC! Yes, this is how much your potential loss is, which you paid just over $400 mil for.
Meanwhile, we'll be in the ASX200.
KKW
Funding Options, page-188
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