Mate, you keep forgetting the most important part. 388 million barrels @ 5% recovery. 776 million barrels @ 10% recovery.
There's potential to be pulling a lot more than 388 million barrels over A-2/3's lifetime. This appraisal which is a few short months away is the only thing standing between us and a much clearer understanding of the resource. It's no joke that this asset is worth many multiples more than what the market is currently valuing it! I can't wait to know exactly how much more - my hunch tells me it's going to be somewhat better than 5%.
Shareprice will run till appraisal for sure. Many holders have been saying this "recovery factor" is going to be a price catalyst all along, VOGC and Feral just to name a few. Time will tell how quickly we can get answers... but they know what they're going back to because they are returning to the same pad as A-1. Couldn't be better prepared for an efficient re-entry tbh, we know the ground and have faced the worst of it already... this would be a nightmare off-shore.
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