caterina farm out, page-12

EL,

The issue is developmental stage of the 4tcf

*not drilled
*no decent 3d's

My opinion was that the big boys will wait for the wildcat to be drilled before getting excited.

A more researched 4tcf will get them in.
OR
If the current p50 was larger- that may have hooked one in - but this is less likely.


All your arguments are refrring to well researched prospects.
Caterina is not yet.

Artemis is by the way - just in case your worried.
Artemis p10 is 13 tcf
with the p50 falling only 16% to 11tcf
P90 is 9 tcf

Caterina has a huge p10 also ~ 11tcf
Now the p50 is 4tcf.
over 60% drop in volume to improve chance from 10% to 50%
As for Caterina's p90 - CUE have been tight lipped
Without the wildcat done - it won't be good.