maybe have a closer look at this table for the "drill run"
https://hotcopper.com.au/threads/stx-deal-in-numbers.7533693/page-2?post_id=69442022
I have a very high opinion of Gurvantes but if Colby follows through on his plan to shove our 33% interest into an unlisted private company then you can forget about realising fair value.
BTW, SE2 will spud before Walyering flows. What is your prediction for net pay? Walyering first flow is now less relevant as both companies benefit from that event.
STX deal in numbers, page-9
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