The West Oz today said likely reserves of 20-40mmbbls if successful so looking good. 30% of 30mmbbls at $10-$20 per bbl is worth $90-180million to Arc, and worth a lot more than that when producing. Throw in the fact that it is unlikely to be the only field in that area, and Arc's likely to be re-rated on Perth Basin alone in addition to the direct impact of this field
The West Oz today said likely reserves of 20-40mmbbls if...
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