Ann: Completion of PEL 87 3D Seismic Program, page-350

@V10
For the as yet undiscovered barrels of oilLet's see if I've followed the prospective guestimate formula 4 USD per barrel in ground value correctlyCurrent exchange rate is about 0.67 AUD-USD$4 USD = 5.97 AUD

Using the prospective resources table from the AGM presentation 2022.
- to be updated with Woodside's 3D activities.






PCL Current SOI 8054.2 mil shares.
PCL 20% share if Woodside exercises the farmin option

The guestimate formula results in wide a range of possibilities for probability confidence level

P90............ (245 x 0.2 x 5.97)/8054.2 = $ 0.036 per share
P50.............(1329 x 0.2 x 5.97)/8054.2 = $0.197 per share
MEAN.........(2830 x 0.2 x 5.97)/8054.2 = $0.419 per share
P10............ (7820 x 0.2 x 5.97)/8054.2 = $1.159 per share

Makes for interesting contemplation on my current holding