As we're looking for a partnership deal for the Bravo (Page12) and the Stellar (Page11) multi-layer appraisal wells, totalling a gross mean of 1.2Bn barrels - the value of that asset would be around $3.8Bn - based on the price paid ($400M) by Oil Search for a quarter (26%) of the 500M barrel prospect. DW will have to relinquish a piece of that particular cake, but it is a big cake!
However it gets split up between 88e, Bex and A.N.Other, we should have enough funding for multiple drilling projects for a few years in the Central, Eastern, Yukon Gold, Horseshoe and of course the mamoth HRZ prospect. The run-up to 1Q2019 following the JV announcement will be historic.
Ann: Investor Presentation, page-40
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