Of course you are correct....much risk remains!But 1. upstream...

Of course you are correct....much risk remains!

But

1. upstream numbers already have a min base as per SS. Lots of upside from that even post this PFS given 20 other untested targets(not including CV)

2. CV is not owned by us....true but it's pretty clear that if it's a bonanza strike we will get some upside due to our contributions.

3. 3rd party feed not locked in.....we have Trafigura onside, we can afford to pay a premium to other producers and we are expanding inorganically as well as organically

4. DBU PFS was very clear.....absolute min and very conservative NPV 2bn USD.....more likely to end up USD 3.5-4.5bn NPV

These are the reasons I'm staying the course!

GLTAH DYOR