ohhh no investors have already booked in the BMW M4
good luck to all 88e investors but i really feel this could sting badly....already a $350m market cap so it has priced in massive success
1) Location - too remote - will never work or will require billions or a partner...88e may be left with only 10% WI
2) COS is 37%...market has priced in full success already!
3) Unrisked Mean of 645 OIP - recoverable oil is probably only 30% so that's 100mbbls recoverable in a remote location...cost per barrel due to location will be high
4) 2D seismic - not even 3D!!
5) will need multiple wells and that costs big
6) did I mention the location!!
Ann: Operations Update, page-179
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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