realistic share price?, page-2

Close, but no banana. The Citigroup report is dated 5 Feb and on 19 Feb HDR onsold part to PLC.

The big unknown is the value of discoveries from this year onwards. Woodside will be drilling a mixture of mainly lower risk targets but they do need to explore outside of the 2 Miocene channels that have so far proven to be prospective. There are still around 100 leads and if the 2 channels are the only ones containing commercial oil it narrows the field down considerably.

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