“But as has been pointed out, this together with the follow up work that will be required for Jaws in a success case means a fairly major capital raising on the horizon.”
In the success case I don’t think shareholders would be that concerned about a CR done at a much higher price for a SCBGP development scenario, plus a potential transformational WA gas play.
Yes it impacts the End result (your previous NPV, EMV discussion), but i am sure there would be large support for a project that had ticked off a FID.
It just comes back to what your risk/reward ratios are from an investing perspective.
Ann: STX Acquires Interest in Highly Attractive Perth Basin Block, page-18
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