this well is equal to 1 billion barrels to meo, page-18

dont't forget the value of their environmental permits. The two EP's they hold out to 2052 are little spoken about in the market but the value is certainly acknowledged by the industry. The ability to operate off Tassie Shoal as opposed to pumping oil/gas hundreds of kms back to the mainland is potentially worth billions. That is not at all factored into the share price.