ungani + ungani north vs mc, page-3

Thanks Doodle.

Interested in seeing some more valuations of Yulleroo and Ungani, as I don't know enough to even guess. The 'Goldilocks' comments imply reasonably low cost of production. ES's projections for Ungani in 2014 work out to around $40 per barrel after costs, if my math is right. Perhaps factoring in a recovering oil price.

How much is a TCF of gas worth in the ground? $1 billion? And we potentially have 6 TCF in Yulleroo?

Development costs will be more than covered by Ungani now, which will flow for over 5 years at given figures. Basically BRU should be cashflow positive from next year.