good one Dan, a much more comprehensive report than mine As far...

good one Dan, a much more comprehensive report than mine

As far as associated gas at Doardo is concerned he basically said for the 2c, from the ~880BCF, subtract ROC (-~330BCF) leaving ~ 550BCF and half of that is associated. So the Baxter discovered ~280BCF, which could however substantially grow if the sand was connected to ROC South..... however, there is also a good chance there is an oil leg here The associated gas ( ~280 BCF) will be re-injected back into the reservoir with oil production and can be utilised later on in any gas development.

if I had to nominate a major takeaway, it was that once the cash flows in from the oil projects, then the gas/cond of Baxter/Roc is just as certain to go ahead, so that red box on slide 4 showing 39mmboe isn't just there to make things look rosy by getting to the 100mmboe 2C milestone
- and, in that time lag from oil cash inflows to a gas/cond FID, and given the geological setting you explained, there was an unspoken inference that nearby explo/appraisal drilling will add to the almost 1TCF we have in the vault already
- of course in O and G, we are talking a long time frame here, so apply appropriate discounts for NPV

oh, you didn't mention the beautiful cakes served afterwards - my 1st CVN dividends - the pensioner jostle to get them was like an Aldi specials day !