IMO pushing LoM update to accomodate an updated MRE is different to pushing back an MRE (pushing back MRE usually suggestive that drilling doesn't meet expectations).
i don't think any of the SP is equated to a LoM update, I think it's all fuelled by the Chinese writing on the wall. i think the LoM update impact is something being perpetuated by hotcopper retail. current value is attributed to the known tangibles and Chinese takeover and not upside LoM potential IMO.
we will find out today however. before this announcement I was expecting some SP pullback.
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IMO pushing LoM update to accomodate an updated MRE is different...
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