Re COC4 May 2018 17:24
Must admit I had some concerns myself, they are an activist group I had never heard of but they seem to be leaving it up to the BOD to get on with the job but I don't any of us are in any doubt what the end result will be.
It is a case of when and at what value, and that centres around the success or failure of the appraisal wells.
As a rule of thumb and purely from observations in the past I use $2 for contingent resources, $5 for reserves, and $10 for producing assets when trying to place a value on our investment.
So in our case, we would be better waiting for FID when contingent resources become reserves.