shrewd crude report valuation, page-9

Dhuy,

500m is very realistic.
Talk of a billion, just 1, is really a very ideal scenario ie if things go exceedingly well.

No company will pay the NPV value of NWE once they have proven the concept.

If Wessex has 40mmbo then we might expect a couple hundred million from that in a sale.

Perhaps another 500m for the shale. That would be about it IMO.

NWE is not going to develop and produce from either of those.