Hi zac
Spot on the money. Ben Clube told me oil companies conduct sensible discussions based on a $70-80 OP, not $35. Our first oil is years off. As you say, the more oil we can prove up, the higher our value. We all anguish about the daily spot price, but while it is relevant to our daily SP it is less relevant to our ultimate value. As I keep saying, the credit raise has bought us valuable time to further appraise what lies beneath. That's where the value will be added.
OOO
Big oil rebound coming, thanks to the euro, page-7
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