ME updated valuation of WPL's Senegal stake

Just for interest, Macquarie have update their valuation of Woodside as at 22/1/2021.

In their valuation of woodside they have valued woodside's 68% interest as Risked Valuation of US$4,841M:

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0			Inrerest	Unrisked mmboe	Unrisked Value US$M	Risk	Risked Value US$M
1	Developing Assets
2		Sangomar Phase 1	68.300%	1340	3,946	80%	3,157
3
4	Static/Exploration
5		Sangomar Upside	75.400%	348	2,599	35%	899
6		FAN 1 Development	75.400%	717	5,300	15%	785
7					11,845		4,841
8

Using the same metrics, FAR's Senegal stake would be valued at:

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0			Inrerest	Unrisked mmboe	Unrisked Value US$M	Risk	Risked Value US$M
1	Developing Assets
2		Sangomar Phase 1	13.670%	268	790	80%	632
3
4	Static/Exploration
5		Sangomar Upside	13.670%	63	471	35%	165
6		FAN 1 Development	13.670%	130	961	15%	144
7					2,222		941
8

On a pro-rata bases, FAR's 13.67% Senegal stake would be valued at US$941M.

Regards

SP