Re whether the BCP TO price is fair or not...
Risco are paying OEL ~USD32/brl for remaining Galoc 2P reserves
If you assign USD32/brl to NDO's Galoc reserves you get
2.3mmbbls x USD32 = USD73.6m
Undeveloped reserves at WL, lets say USD9/brl
3.2mmbbls x USD9 = USD28.8m
Total USD102.4m or AUD 113.7m which is what BCP for NDO are paying at 5.5cps.
Fair or not ?
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- lets assume they don't get 90%+
Re whether the BCP TO price is fair or not... Risco are paying...
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