The deal was first proposed with them saying.. "Oil pricing used...

The deal was first proposed with them saying..

"Oil pricing used in this estimate represents NYMEX WTI prices as at October 1st"

"However, the oil price continues to be volatile and has depreciated since the effective date. Samson has run a more current price strip which drops the WTI oil price by between $6 and $10 per barrel compared to the reserve report."

WTI 1st Oct 2015 was about $44.00 bbl   (http://www.gasearch.com/onp.php).  WTI's now  $34.00 bbl so I'm betting It's deal on

Getting the green light is not only about what oil is at today it's about the expectation of what it'll be in the years to come.