old hc back, page-27

Gassed
chevron are paying 349 over 2 stages and can back out with a lot less , so the idea that Chevron has invested 349 is completely wrong . They risk less until things are derisked. Here is the thing - chevron have invested from memory about 140 - 170 m now which is not far from what BPT has spent. So why would anyone take out ICN now and incur so much more of the risky appraisal capex. . Better to let everybody pay their share, if successful then better to take out ICN for 250 knowing it will be commercial than paying 150m now another 100 m capex for something that is still very early in the development cycle .
Gassed - as for opinions - that's what HC is about -
We all present our opinions and interpretation of a set of known facts and assumptions. Your posts are all opinions . My only suggestion is you come across as very certain your opinions are reality as you did on the AKK thread suggesting or more accurately asserting people suggesting there would be a CR were downrampers very much like your post today on this . You seem to neglect the fact, more than most that all views are opinions. You often present your view of ICNs worth as fact. My only advice is be prepared to be wrong as much as you are prepared to be right. I don't
Expect you to agree with me , but I equally don't expect every contrary view to yours is a downramp . The are a lot of quality posters and holders of ICN, and despite many of them being positive name come across as one eyed as you do .