There is a reason its vague and had broad ranges. A large field size is certainly possible but nobody will give $10 a barrel IMO on an initial discovery. The challenge is always the need to evaluate a field etc which means holding onto your % and not severely diluting shareholders when the operator gives cash calls to its partners.
I'm thinking a billion usd upfront sale is an excellent result. If they can do better its a masterful outcome and I'd take my hat off to them.
PCL Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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