Re: "Apart from that, being conservative also, I have little problem with your analysis. The question of a T/O premium obviously increases in line with more success , particularly Bellatrix. It could be anything, depending on the strike rates of success and of course the prevailing POO at the time"
Hi Mandurah
Please see my responses to OOOs post where I increase the T/O build in with increasing drilling success for exactly the reason you have stated.
pj
Far spreadsheet late NOV post issue update, page-10
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