The Speculater Collumn in the Bulletin Magazine a couple of months ago calculated Waingaromia 2 could be worth 71 cents to PCL if delivered the optimum based on reserve potential of 15m barrels . Pcl had a stake of 38% then but that has reduced to 33% afterSUR came in at 10% and the reserve has reduced to 10m barrels according to recent announcements
Who knows , that figure is as good as any ,I suppose
Waingaromia 2 Drilling - Worth ?, page-15
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