They have incorporated the existing production and the proposed phase 1 redevelopment of the D35/D21/J4 mature oil fields into their financial forecasts but have only included the Phase 2 EOR project in the NAV at a risked 10% for a A$0.03 contribution. For Phase 2 they assume drilling and infrastructure upgrades will commenced in mid-2016.
Regards
SP
ROC Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
