Unit 3, let alone the upper units have not been declared uneconomic, and also there is an increase in net pay. The formation may be developed with artificial lift mechanisms. I know it’s suspended for now and development is still a bit further down the road, so no instant sugar hit- but that’s O&G investing for you.
These units were never the main game anyway yet might still be incorporated into a production plan. I am more than comfortable to remain holding on fundamentals. The reaction to today’s announcement is certainly a free kick for traders who have ‘played this well”.
Unit 3, let alone the upper units have not been declared...
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