Canaccord note., page-25

I say sell it to WPL, before Meridian take from under your noses,one senario.
$35 USD for Stage one is bad enough, what's the cost per bbl, of the the harder to extract stuff.
Mean while, electric metrics, costs etc are on the verge of a tipping point.
Imo,I can see that tipping point is going to be a lot faster than people here realise.
When it happens,$ 35 oil will be instantly left stranded.
The Major producer's will then crash the oil price,as they compete for market share of dwindling demand.
3 year's to first production,is a long time,in this fast paced world,then how many years to break even?

Good Luck.

Kimbo252