What I interpret in this statement is a huge mind shift from company's board of directors and maybe DW himself. Earlier, DW wasn't even interested in conventional resource and used the term loosely wherein he mentioned they were only interested in unconventional resource and might use the conventional for potential farm in's to fund the future unconventional programmes. The current statement of using "conventional prospectivity" indicates couple of things IMO. Either, they believe they have found huge conventional resource from 2D seismic analysis thus far and now bring in the conventional game play along with unconventional too strategically. This will be a huge win to the shareholders IMO, both conventional and unconventional in huge proportion
. I'm waiting with bated breath for 2D results and could be a major rerate point. It's getting better with every passing day. Cheers, Notty.
(20min delay)