It was built during the boom, costs are significantly less. It...

It was built during the boom, costs are significantly less. It would cost billions less to construct today.

Have a look at STOs assumptions for the POO on the current carrying value. It’s still generous. I say that as a holder of other oil stocks.

As I said cost is meaningless it’s all about it’s expected future cash flows. It’s ROI on the initial investment is horrible, it would never be built in today’s POO environment, hence written down.

There is a reason STO burned shareholders more than any other major oil and gas stock on the ASX. We lost a fortune on it and now STO travels at prices paid in the 1990s (ie before the biggest inflation boom and stock market boom in history). Hence STO is known as a dog.