Can therefore assume that U2 will be the same: moveable but low API. Expect a reserve estimate upgrade from this. A3 to go lower so will hopefully see better results again.
Want to see an updated valuation once U2 confirms same. Should lift it a couple of cents, but may need A3 to light a cracker under it.
Kit.
Ann: Block 9 Alameda 2 Appraisal Update, page-21
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