Wooooo Hooooo Go BPH :)$$$$$$, page-85

A while ago , there ws discussion on the costs and evaluation of the Carbon capture values of PEP11 if you remember , and there was debate on putting a dollar figure to it , in that latest letter there seems to be a figure..... can anyone remember what value was used … maybe in one of FBs calcs ....how will this affect the end result and SP ?

The report addresses the revised drill target on the Baleen prospect initially announced with total
depth of 2150 metres on seismic data line B4-18.
As advised Advent now intends, subject to approvals and funding, to undertake deeper drilling to
also undertake evaluation of the Offshore Sydney Basin for carbon sequestration (storage).
This has resulted in a revised specification of a well to target early Permian sandstones for both
hydrocarbon and carbon sequestration potential with a revised total depth being set at 3150 m.
The significance of the carbon storage objective in addition to gas has been highlighted by the
report from The Australian Financial Review (7
th April 2021) ”Carbon prices tipped to surge”
which references dramatic action in Europe’s carbon markets with “carbon prices almost
doubling in the last four months from Euro 23 ($35) a tonne in November 2020 to Euro 41($62)
in March 2021as more ambitious (carbon) markets aligned with net zero emissions goals to drive
prices higher.”
The Basis of Well Design report is now being assessed and further announcements w