CVN's 2C Dorado oil in ground value now $3 billion AUD about 1/10 the EV.
At what point does it become a TO target and what will the SP do if Santos announce leasing rather than buying a boat. The initial mention of buying the FSPO was pre-covid and in a time when debt for O&G projects was a bit easier to come by. Leasing a FSPO and halving the capex would put a rocket under the SP and could still be something that comes out of the FEED process.
Onward and Upward, page-2
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