Because Stuart Nicholls remains a tactical genius, he has kindly shared a second piece of good news since the announcement of the TO. Not only did the initial announcement include a 20% profit upgrade for Walyering, he has now announced that the JV will drill Walyering 7 in 2024.
In my first "base and best" NPV's, I had base at 5 years in line with Santos GSA and best at10 years with the field production tailing off. This exciting announcement of the new drill sends a clear message of confidence in the prospectivity of L23/EP447 and a corresponding increase in productivity for the Walyering plant. Depending on the W7 results, an upgrade to the 33Tj capacity could be implemented to increase daily output.
I have now moved the previous "best" to "base" and have included a new "best" table with Walyering operating at full capacity in Y6-Y10. Given the downward trend of the STX SP, I haven't included the current implied value of the STX offer, even rusted on STX SH supporters acknowledge the negative impact. Hold on to your Talons! JMO. DTOR. Not financial advice.
Table is for information sharing purposes only
* Santos GSA expires after Y5 *** Spot prices are estimates based AEMO WA GSOO, actual prices will vary
TPD Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held