CVN 3.33% 15.5¢ carnarvon energy limited

Ann: Dorado-1 Oil Discovery, page-178

  1. 2,672 Posts.
    lightbulb Created with Sketch. 483
    Yes, back then I warned not to value based on 300mmbbl as it was P10 and OOIP when people were wondering why the SP wasn't rocketing as high as they were projecting (because they were based on recoverables on that level).

    I'm just re-iterating *some* level of caution. Everything is looking good here, no need to gild the lily.

    Cheers on the MC tip.
 
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