Spot on Dribble
You have to reduce any more 2C contingent conversion to 2 P down to equal ZERO value. Regardless if STX comes up with any good remediation or not. What I can guarantee is more costs and more time and maybe still a shitty outcome.
They shouldn't go near the place without 3D seismic. It could be a CCS exercise like mentioned in another post or even a couple of GeoT wells - who knows.
Even Ellison is cagey about quoting a Gas reserves number (says another 18 months. Very smart). BPT doing the same. They are getting failures.....so its tricky Geology.
I prefer they go hard after Walyering 7 (and an "8") short term. Thats super cost efficient and timely and will deliver meaningful measurable revenues and delta to the share price, unlike reserve calcs which everyone fiddles around with doesn't believe the numbers anyway.
STX could get some unfriendly bids lobbed in the meantime.
Spot on DribbleYou have to reduce any more 2C contingent...
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