Am a bit floored about the lack of activity here not even sellers out there!
If this were to be a 100Pj discovery and they hold 35% at the end of the well It has a NPV of $130m for RAW yes $1/share with a dilute for the cost of drilling.
Onshore next to a production station and very hungry market.
I entered for the PNG upside and this came out of the legacy assets. The PNG story just based on the PL560 Block is even bigger than this.