Too keep things simple, per the Strachan report page 6, in my layman's summary with my anecdote...
The Cooper play if successful in converting some of that 11Tcf to 3.7 Tcf Contingent (2C specifically I would say) would be worth $1.6 BILLION to the company. There's ~11+ Tcf in the prospective play.
To put that in perspective, in all the decades that BHP-Esso has milked the Bass Strait, they've delivered 8 Tcf and made Billions!
Yes, "BILLION".
So in a nut shell, if Strachan know what they're talking about, the company is worth $1.6Billion/3.7Tcf gas @2C.
Put that into a share price and see what you get. I'm hoping between the Cooper and WE we get more than 3.7Tcf!
Ann: West Erregulla Update, page-23
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