Strat
Working backwards from the valuation on slide 18, I guesstimate they're targeting roughly 1m brls of condensate net to OEL for the first well at ST224.
Assumes condensate/brl sells for approx same price as crude, and condensate makes up the bulk of the targeted resource.
Alternatively, if it was mostly a gas target, the BOenergyE would be quite high, but the BOvalueE would be fairly modest, which could lead to the high BOE production forecast in slide 6....?
OEL Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
