Ann: Woodside and BHP Petroleum merger investor presentation, page-7

> Finally!! In the IER, GCA report has 12 pages that r worth reading on SNE (pg 380-392).

Took me a moment to register IER = 'Independent Expert Report'

GCA = GaffneyCline & Associates
https://www.gaffneycline.com/
https://www.bakerhughes.com/drilling/gaffneycline

my notes don't do the report justice, lot of detail to comprehend.
Woodside Senegal, Sangomar Field,
'GaffneyCline has reviewed a range of project cost and supporting documentation provided by Woodside."
'The CAPEX appears to be reasonable, based on GaffneyCline’s experience.'
'The OPEX estimates for the development were evaluated by GaffneyCline'

p393 Woodside Canada
etc

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p379
"GaffneyCline verified with Woodside that liabilities and commitments for keeping current
assets in Myanmar are not material. Overall, GaffneyCline recommends no material value to
be assigned to the Myanmar assets.
Woodside announced on the 27 January 2022 to completely exit their Myanmar oil and gas
investments and write-off all investments in the country."

old news from Jan 2022.
https://www.copyright link/companies/energy/woodside-to-take-300m-hit-as-exits-myanmar-20220127-p59ro1
"Woodside has followed TotalEnergies and Chevron in deciding to formally withdraw from Myanmar following last year’s military coup and the deteriorating human rights situation there"