Yes. AntiquesofWhite was correct, a reserves booking well above market expectations. An increase reserves booking of 315PJ (18+142+155). So total reserves 564PJ or 564,000,000 GJ.Yes that is 4.5B at $8/GJ.
On top of that 282PJ increase in contingent reserves (even after moving 315Pj out of contingent reserves to proven reserves) meaning another 998PJ in contingent reserves that can be proven up by comet (if they get a chance too).
Massive first tick, meaning pipeline plan and gas sale agreement can now become the focus.
Meanwhile Santos and APLNG will be having a good look at this booking and do some of their own calculations.....
Ann: Significant Reserves & Resources Upgrade for Mahalo Project, page-5
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