Also a follow on question if someone could answer , once jaws 1 is defined as a success will the 2c reserves be quickly turned into 2p reserves ?
As stated in the last Strachan report spending ~$1 million to acquire additional seismic survey data over PEL-96 stands a strong chance of bringing as much as 2,000 PJ of the current estimated net 4,592 PJ of Prospective Resources into the Contingent category.
Strikes possible 2000PJ @ $1.83 GJ using the the avg market caps of other OG players as seen in the strachan report.
STX will be valued at $3.6b plus the extra value the vm3 and vuu lower will add the our 2p/2c reserves soon.
WOW !
Also a follow on question if someone could answer , once jaws 1...
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