As an adjunct to my post ; I think I have been fairly conservative, probably not on recovery, 30% {I think that's
a good outcome for most OIP estimates} but $5 boo in ground. Some would argue $7.50-$10. If we took $7.50
on boo in ground {certainly if P50 was moved to P90 on good results} then that should put it at 16c a share or a
MC of $432m. In my view, this would still be under-rated. Can we expect an update re-reservoir quality and porosity
b4 results are known at SNE? Someone mentioned the Cajun STILL over FAN1, so maybe we will get some update
in the next month or so hopefully. Many possibilities yet to play out--if results are average-negative re FAN1 reservoir
porosity then still have SNE1 to follow, SP could dip to 6c and pick back up to 8c when SNE results are imminent.
IF results are good & P50 moved to P90 then SP should be 20c+ imo leading up to results at SNE1.
Hell, what if SNE delivers a P50 of 1B boo also. The SP would be 40c or a MC of $1B.
What IF we are ACTUALLY in Elephant territory? That takeover for $2B or more mentioned by
Aqua is plausible.
I don't know, call it irrational exhuberence , bias because I hold, whatever, I like the feel of this story
Hold tight, buy more from 10-12c.
GLTAH
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