New Broker Reports, page-191

But look above that.


46 PJ/year = 125 TJ/day.
That's half the capacity of the AGIG sales pipeline.

So you can derive that Petra have assumed that phase 2 will be from the WE field only; and that STX/WGO will share the AGIG infrastructure equally.

A fair assumption at this point.

However if there's a major discovery at SE, then the breakdown for phase 2 might be:
225/25 STX/WGO.
This is assuming that WGO uses AGIG for phase 1.
So consider what that would do to revenue and net profits.

Another thing to note is that 50c out of the 54c valuation comes directly from WE.