No... Let's not jump the gun.... keeping an even head at all times is highly recommended We have not even confirmed ED1 is a success yet, so why would I start to upgrade field wide reserve? One step at a time. Let's wait for confirmation of the discovery at ED1... then the flow test.... then the NSAI reserve review and update to incorporate ED1 compartment and field wide GWC assumption.
Also, I don't believe the 1TCF that STX mentioned previously was the net recoverable volumes. Pretty sure that was referring to the potential gross volume. So net recoverables from that would be 650-700BCF (690-742PJ equivalent). Given our 2P is at 422PJ with potential successful ED1 to be added (270PJ), it wouldn't be too far off from that even without any potential GWC adjustment.
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STX Price at posting:
19.3¢ Sentiment: Buy Disclosure: Held
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We have not even confirmed ED1 is a success yet, so why would I start to upgrade field wide reserve? One step at a time. Let's wait for confirmation of the discovery at ED1... then the flow test.... then the NSAI reserve review and update to incorporate ED1 compartment and field wide GWC assumption.
(20min delay)