RE: Psychic Power See28 Apr 2025 11:10
Operational and Economic Highlights:
· Early two-year licence extension to 31 January 2028
· Multiple parties under NDA and farm-out process advancing
· c. 7 billion¹ barrels of potential unrisked prospective resources
· c.$8.5/bbl¹ estimated development cost and c. $25/bbl¹ breakeven in success case
· United's Internal estimate NPV10 of c. $23 billion based on Gaffney Cline 2.4 billion unrisked mean prospective resource (at $80/bbl oil, 2% inflation)
· Attractive fiscal terms Work programme permitting underway
· Strong government support
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