At the admittedly conservative value of $10 AU pb it gives an IGV of 770m. At a realistic $25 pb IGV given it is low cost onshore then 1.9bln or over 50c ps. This is not new news though. It’s been hanging around for a year. There is still risk until the flow tests come in. Yes when the wells are fully logged and flow tested there is likely to be an upgrade to the resource. Nothing new though here.
General discussion, page-64
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