SNE + Soliel (if it turns out to be connected to SNE) together were said to have the potential to be a 1 billion barrel field. I take that to mean if we see 670m at SNE alone and Soliel is a bit bigger than expected because it extends into SNE then we have 1 billion.
Appraisal is being done in a very low risk way. Hence testing the P90 150-200mbbls) first to get to commercial reserves. then step out a bit to 300+. My point was that if these 2 come in as expected then they will be very confident also of the step out to 600+. We may not get an upgrade immediately but it will be implied by the results IMHO.
Yes ASX 200 by year end will totally depend on how the market responds to the news flow. On a market cap basis alone we will need to get to more like 15-20 cents I would have thought.
H
FAR Price at posting:
10.2¢ Sentiment: Buy Disclosure: Held
(20min delay)