Laz
I understand your view, yet disagree
If this was to be the binary play you suggest, I do not believe that extra acerage would have been bought. If anything the funds would have been banked to ensure the pop at alpha was fully funded.
That Alpha as an option is in itself an indication that this is anything but a binary play, after all why even go to the expense of gaining 2D?
Should there be a slow/no flow scenario.Then the SP will get a whacking, it will not be destroyed.
Lets take a step back to the D&M figures for prospective oil in place, the low end ones showing about 400 mb. The new prospective conventional net figure to 88e is 2.5 X, and it is cheaper to monetise than unconventional.
Seems to me the BOD have done all they can to ensure that icewine is anything but a one trick pony
I think the BOD have done everything to ensure that there will be life after death, if it turns out that way. Further fund raising to prove up the conventional by placement or taking a very small cut in any JV would be a given.
Yes, I could be very wrong
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