This is actual insanity. Zones I-III were fair, low and low chances respectively, so anyone who expected us to hit those and has priced in for that are misguided.
T2 (IV) containing a ‘fair’ amount of oil means nothing as of yet. 2U (50% POS) for 1.8 mmbbl is still a promising prospect, and I’d not be surprised if fair ends up being best case, i.e. 2U estimate hit.
We also still have T3 (V) and two more sands at VI and VII at fair and ok chances.
I picked up some more at 1.2c, this is an incredible overreaction to neutral if not good news.
PRM Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
