London meeting., page-24

Hi all.

This is just my pov, but anyone get the FEELING that they are lining this up for a much bigger entity after some comments made by attendees at the London preso?

Again, PB is behaving just as he did in the EF with the acreage expansion. I re-read that acreage annmnt last night and it clearly states that on further study of the Ice 1 results they have re-assessed the volatile sweetspot as being within the new acreage. The ONLY reason PB would have gone all in was to substantially up their footprint on the HRZ sweetspot to make economies of scale that much better for larger entities.

Add to this the capacity of wells to massively extend across acreage and there appears to be a distinct target audience for the HRZ rather than just a few small farmouts/ins to multiple entities.

IF this is the case and they hand over the whole kit and kaboodle then one has to ask what the whole thing is worth with the increase in acreage.

In the halcyon days of the EF some deals were well up into the 10's of billions.

I know I'll probably get in trouble with Laz for this post and this is upper end dreaming but every development now seems to be circumstantially pointing this way.

Now again, as many here r careful to point out, this is HIGHLY dependant on upcoming flow tests. But then one wonders what ACB solutions could be brought to bear if we dont get flow rates needed initially, not to mention the conventional potential.

d.

Logic will get U from A to B, imagination will take U everywhere.