COP analysts presentation, page-4

P63 from Analyst and Investor Meeting (April 8th 2015)

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From 7 Oil Stocks With the Largest Reserves (Motley Fool)


Royal Dutch Shell (@ no 4) had reserves reduced by 491 MBO - little surprise on BG acquistion.

COP - also with reduced reserves, has rejigged finances + priorities.
Firstly, improving production -
"company expects to increase capital to development programs, primarily in the North American unconventionals, by approximately 50 percent".

Secondly, ConocoPhillips pins hopes on Senegal after dry drill offshore Angola
"We are also actively pursuing a wide range of other global exploration opportunities, including follow-up to the promising and recently announced FAN-1 well located offshore Senegal," added Archibald.
"A second wildcat in Senegal has commenced and additional drilling activity in Senegal is being contemplated for late 2015 or 2016."

Thirdly: ConocoPhillips Has Several Promising Exploration Prospects
"A major discovery in Newfoundland-Labrador or Senegal might move ConocoPhillips' stock a little, but the future cash flow ConocoPhillips would reap by developing those discoveries is really what's important."

CONCLUSIONS: Despite PoO languishing in $50s, it is nigh impossible to find anything negative about Senegal SNE + Fan discoveries. FAR mgment is moving this minnow into position to off-set any corporate shenanigans. By staking claim in options, that means mgment would like to be rewarded (for their efforts) when THE JOB is DONE. I have no problem with this reasoning - they have my support.

Time to kick back and let "train driver" navigate to destination.....ALL ABOARD!!!!!

Have a great weekend,
MS