How will FAR fare tomorrow and Tuesday?, page-77

"(a) the POO increases to a level where it is worth getting the stuff out of the ground or
(b) the resource is proven up to a level attractive to the big boys who have a much longer outlook in terms of POO"

Hi Fisho anyone looking at producing oil have a long term vision of the oil price, in this case from approx 2020 through to 2050.
The current price won't be a deterrent for development, in fact the reduction in development costs would be an incentive but is a huge deterrent for exploration which itself eventually leads to higher prices through lack of new projects....

I'm expecting the heart of this field to be commercial on its own with around 500 Mmbo, it had 330 Mmbbls 2C before testing without the thin sands, any oil found in the outlying thinner sands and Bellatrix etc to be a bonus...

Cheers Whisky