This will sting the SP a bit, there was a weighted assumption of 2.4TCF of gas, worth ~7.5Bn over the next 30years to MIN implied to the share value, which will likely be written down to ~1.2Bn. Given the increased implied risk to the field now, the asset is likely to be viewed at 2P of ~330BCF and 2c similar right now. This may wipe 10% off the MIN SP over the next week under these conditions..
Ann: Lockyer-2 gas appraisal well results, page-7
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