Happy for you to be right and me to be wrong, I just think that is overly optimistic for the upgrade. You are also quoting mean not best (best was 88m, mean 119m). 2C will be best not mean. Either way I think we can both agree it is going to be a massive upgrade and mean a huge field life which means no need to skimp on the capex. I liked Errol's 30 wells call. Would bring us to near enough to a PE of 1 (at current share price) and still have a life that exceeds any usable NPV horizon.
Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-261
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