The $1.2B damages being asked for is just an estimate, the current amount may be much larger based on the current price of oil and gas. The true damages are to be proven at trial per plaintiff's court filings. As I read it, the damages being sought are levied against both Woodside and PXD at this time, but Woodside may try to broker their own deal aside from PXD. Hence, leaving PXD out in cold trying to defend themselves.
I would have no clue other than total speculation on what numbers Woodside is thinking if they are even thinking of one anyways. They may be planning to fight this thing, although I'd think that would be foolish from what I can read into everything. If though they are thinking about how to clear themselves and move onto any further strategies I'm sure they are thinking of three numbers. High (how much this can cost them), middle (what they think they can negotiate)and low (how ridiculously cheap they can get off)and I'm sure they'd start with something very minimal to be laughed at. You could take numbers anywhere from the amount JPM "paid" to the full 1.2.
As far as I'm concerned 1 bil between the two remaining defendants is cheap compared to 1.2 + triple punitive.
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