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Mr P,Interestingly about Tintsfield and the Hoskissons seam, is...

  1. 3,666 Posts.
    Mr P,

    Interestingly about Tintsfield and the Hoskissons seam, is that as of the date of the MHA reserves report, there was already 42PJ of 2P certified. So Tintsfield and the Hoskissons seam was literally a work in progress, and was achieving commercial flow rates AS WE SPEAK!

    After 18 months of no reserves progress, our untested seam had just started to kick goals... And we sell..?

    Commercial flow rate data (enabling reserves upgrades) are being added subsequent to the certification, and therefore not factored in to the SoA terms.

    Talk about having a firesale sale, just before things begin to improve... it reminds me of an Alanis Morrisette song, 'Ironic':

    "Mr. Play It Safe was afraid to test that seam
    He packed his suitcase and kissed his kids goodbye
    He waited his whole damn life to test that seam
    And as the seam booked reserves and the company was sold, he thought
    "Well isn't this nice..."
    And isn't it ironic... don't you think..?"

    Selling the company, into a rising reserves curve...

    "ESG... driving shareholder value... driving a hard bargain."

    Yaq

 
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