Stuart always flagged the 80 cent price, based on WGO look through value. It was a stretch due to 2P-2C ratio and the unknown, but now with 2C's moving to 2P's, this 80 cent line in the sand is becoming firmer. It's all about increasing the bankable reserves, and it is happening.
Ann: Successful Appraisal of South Erregulla, page-72
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