FAR 1.08% 46.0¢ far limited

SNE vs Sydney, page-13

  1. pj
    2,090 Posts.
    Re: "Look at the size of SNE. (Sydney and Melbourne, we know how large you are)"

    Hi Zac

    I think we need a bit of the cheer squad at the moment, and if the outer green area of approximately 200sq km were to contain economically producible oil then surely our share price would be up, up and away. Indeed the mind boggles.

    However that has not yet been shown to be the case, has it? Not a single well has been drilled in the green and it would be no good, for example, if this huge area were to contain oil but with a net pay so thin and discontinuous as to make it uneconomical to produce.

    Until then, in the interests of accuracy, perhaps better to refer to those yummy red and green images, of which we have quickly become so fond, as portraying the potential field size.

    pj
    Last edited by pj: 05/04/16
 
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