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Ann: Credit Facility Amendment, page-16

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  1. 9,047 Posts.
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    I agree about MU doing a good job.

    Perhaps we should sell GC21 too, in exchange for Talos shares.

    If the MP sand is a dud, that leaves 70% of 1P reserves in the DTR-10 sand,.
    1P oil reserves for GC21 stood at 744mbbls net to Otto.
    70% in the DTR-10 sand would be 520mbbls net to Otto.
    Probably worth around USD10m (USD20/brl) at the moment, given the rate at which the DTR-10 will flow is yet to be proven.

    Alternatively, we spend another USD5-10m in remedial/recompletion work and pray that it works.


 
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