I think 1.1 million barrels is piss weak but I didn't buy CTP over surprise. And I think the real surprise is yet to come. Anyone know whether the estimates would have been made solely on extended prod tests or they have 2D or 3D seismics as well?
Also I think the firm that built the model and estimate is likely to have kept well on the conservative side. My bet is that CTP will suck out 10-20 million bbls by the time they are done with Surprise.
CTP Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
