The 300million in place comment comes from Apache in their press release. It is repeated by CVN in the last of their announcements this morning.
Apache are not known to be super bullish on these statements, so I beleive that their is upside from that. Time will tell.
300 million in place; circa 100 million recoverable, with 20% equity and $10 per Bbl NPV is nice for a comapny the size of CVN.
Cheers, Al
EV of discovery just, page-68
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