This is good news! Finally a fighting update, SP not looking after itself.
Addresses a number of areas of concern, financing progress, OIP comments, Phase2, recovery rates, working the SP by metrics to show how undervalued.
still using 640M rather than JV, but now looks like definitely moved to 13.7% and Petrosen must be taking up allocation (of course they would).
Interested in comments on debt funded Capex FPSO rather than Opex?
Ann: Robust development economics for SNE oil field, Senegal, page-8
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