"Overall, not a really up beat report is it. Even a drop in 2C. Now not even 560M. What happened to the 560 and 641? "
Perfectly normal and positive half year report , forget about 2C numbers, it will be years before they know how much Oil the field may contain, best concentrate on 1and 2P numbers when tgey come and also production rate, as that won't change regardless of how much Oil they have once they decide on the FPSO size ..also time to first oil which is narrowing down to 2022 plus gas production further out.
FAR have their own resource estimates for valuation purposes , as will CNE , but they are just more conservative, which is wise IMO...
We're in the long haul grind to production with SNE, as they go through the various processes, we are now entering a much more exciting individual phase with SAMO ...although CNE have the next exploration wells earmarked for 2020, PC made it pretty clear that the JV were trying to secure a well into FAN , so they have either yet to make that decision or have abandoned it...the jury is out on that one and IMO they have yet to make a decision...the Q&A may shed some more light on that....
Cheers Whisky
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