Phase 2 per the guidance note is ebitda projections of about R6b or AUD500m.
That's based on 1P reserves only the Phase 2.
As you point out Sasol have a big appetite for gas so would take all they could from Renergen and quickly? They need it asap by 2026 for instance and as raw gas not lng I believe. And by drilling maybe hundreds of wells to supply Sasol the reserves could increase substantially and then be supplied to Sasol?
So Sasol could be in addition to Phase 2 and quickly. So basically Sasol could be a Phase 3 done concurrently to a Phase 2?
https://www.renergen.co.za/phase-2-guidance-note/
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