Relevant announcement from SXY today, buying the Woleebee block from APLNG for $80M, which is very similar reservoir quality to Range.
NSAI 2P reserves are 75 PJ, 3P reserves are 130 PJ and SXY's target EUR is 184 PJ. This is a valuation of $1.06/GJ of 2P, 61c for 3P and 43c for EUR.
Obviously SXY expect a return on that so my estimate of 50-80c for Range looks about right. As I posted above that is $70-110M value net to CTP, assuming they can get the pilot right.
Ann: FY2021 Annual Results and Business Update Presentation, page-27
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