the next JORC upgrade is going to a monster.
first, the maiden 21mmboe is with a 20% yield. When phase 4 proves 65-70%, you can multiply 21mmboe by 3 at least.
second, the resource is 4km long but it extends 10kms to the NW. Drilling could double 19mt, maybe more.
so, maybe its 40-50mt
at 65-70% oil yield
for 150mmboe ?
but sold as bitumen, Australia's only, with an inelastic demand, a state buyer, and zero net carbon emissions.
only Pioneer are selling, thats got to be for sure.
the next JORC upgrade is going to a monster.first, the maiden...
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