Callsign, I recall Impact, who have 20% of Venus, were...

Callsign, I recall Impact, who have 20% of Venus, were reportedly trying to sell their stake for about US$1Bn soon after the discovery. On that basis, PCL's 20% might be worth US$5Bn if Saturn is a discovery of the 15Bbbo recoverable size (overly simplistic I know). More recently, Upstream suggested Impact might be looking at a $1.7Bn price (price went up after appraisal; Impact needed to do a CR to pay their share of the well), so perhaps PCL's 20% share of Saturn would be worth US$8.5Bn (A$13.3Bn) after a second well. Again, overly simplistic calculations.

Also, Venus is not due into production until about 2028 (35 production wells reported), so Saturn would be behind that.