Mr John Lucas,
We all remain hopeful sir. My thesis is large 2P reserves and more to follow. The price of oil to increase significantly going forward. Insatiable demand in the region.
Capex and valuations within reason I let the beancounters look after.I have seen analysts and brokers of all stripe do some amazing work with figures, to the point that you just don't believe any of them. Kwaidan wrote an excellent little piece just recently on risk reward. Sums up my thinking. Best of luck JL, if you have a good average price I think you will do handsomely going forwards.
nxs mutual admiration society, page-15
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