Hey Jibby,
If Sintana's presentation holds true, drilling program in your recent share suggests more than 1.(well's)
With potential 20 bill reserves, complex geology and sheer size of Saturn, any sm committing to only 1 we would have to be nuts. A very risky undertaking when we are now sitting on around 12 leads.
Noting also that every major in the oj basin is undertaking multi well campaigns on mostly smaller acreage.
If your post implies that PCL are free carried for 1 well only, then surely we can strike a better deal with states overwhelming interest.
A multi well seemingly more realistic, even if we maintain a similar % to former deal, only free carried through the entire campaign.
if realised would be a game changer and massive rerate
My thoughts only
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Price($) | Vol. | No. |
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