re: not going to go into debt again
Miningnut, I agree with you that with 22BCF at GOM and say 2MB at Beibu Gulf makes 100BCFe seems along way off. However they have had over 300BCF in the past and TF himself stated at TGOC that 100BCFe was a two year target.
By the middle of the year Main Pass and the onshore wells should add a conservative 12bcf each for a total of 42bcf(allowing 4bcf gone in production) plus the development planning process at Beibu Gulf could mean it is appropriate to book those reserves. So we could be looking at reserves around the low 50's BCFe. If the Louisiana wells are better than a normal target then perhaps it might be 60+ this year?
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