RE: We will see 0.07 today14 Mar 2024 11:07
Keep saying Sunrise moves, we move, Sunrise valued at 2021 conference (pre gas price boom) at $65 Billion, over a 30 year production cycle. Woodside currently have it on their books at $0.00c, due to marking down year on year to zero 2018, due to the impasse and politics. It was on their books at hundreds of millions of $'s.
Shell developed both, they did the whole not just part of the license (Boil 800 sq km v 3.571 sq km Shell) they had Chuditch as over 5 tcf, with LOTS of other leads upside.
Lets ignore that and just take Boils limited area dev 3.5 tcf, if Woodsides 5 tcf Sunrise gets a resolution (home to go to) and returns to hundreds of millions of dollars on its books, as it was previously, then
HOW MUCH is our 3.5 tcf (with lost of historic known upside) WORTH to a FFD developer.
At the first TL Embassy meeting in London late last year, the Ambassador said, it's worth over 10 billion to TL, at that time TG held 25%, so I guess $40 billion is a good 100% ballpark, with upside.
The minnow , continues to hold 60% of a Super Majors Asset by default, it will not go cheap, unless Yeo ho ho an even bigger t/// fool than many already think. GLALTH.
He did say at last springs presentation, both assets for SALE, at the RIGHT PRICE...........
Hope he has a scooby doo, what that is, when the area opens back up, after two plus decades of stagnation.