Yep, if we have lost a dollar in the last few mths after losing 11.5 million Ching barrels, how much should we gain from a (relatively) cheap onshore 50-150 million barrels assuming 50% of anywhere between 100-300 million barrels.
And not sure why the whinging about Simon Potter. He has now successfully put Ching behind us, with only upside from any new post 4-D seismic development plans, got a bunch of money from the Poms prior to the downgrade to carry us through the reduced cashflow period which would have covered any oil price fall, and they'll all forgive him later when Uganda delivers. And long term good production rates from the Ching facilities should continue with the known tie backs anyway.
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hardman resources limited
look on the bright side, page-28
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