Potential Bambo Well's Objective Values estimated on Sangomar's Sale Price

Hi All,

Just posting my ball park review of the Bambo well's objective values estimated on FAR's Sangomar sale price to WPL for 2P Reserves. These are "Full Field" values so what the Market may give on the initial discovery well will obviously be less. From my experience, the Market is very likely to price in value based on any recent sale value, as this is hard data, rather than an estimate of NPV based on a notional forward oil price.

Information & data is referenced in the second Slide.

Cheers
VOGC

In Summary for "Full Field" values:
- Bambo objective = $12.03/S
- Soloo objective = $4.48/S
- Deep objective = $8.43/S
- All objectives = $24.95/S