good news week, page-13

Syndication,

Thanks for the positive post. I realize your main point was the TCF for Browse.

I love my KAR but,...for the sake of clarity, this information is from Sept last year, almost 12 months ago.
So what I find interesting in this post is that there are several points that show how difficult it is to get these types of projects away and how easy it is to be overconfident.


eg. "10 tcf - 3 wells to confirm size of field." We have 5 wells to date - p1, p2, boreus, zephrys, kronos. As at today 1tcf proven.


"10 companies through data room 12 months ago for farm out 314." No farm out to date..


"will help fund capex" End up with CR.

"20 companies through data room" - No farm out to date.

" valuation $10-$30." PFFFFFT. Cannot wait for $30 as I will be up $5,000000.00.

Not saying good things aren't coming and getting closer, but in terms of money in the bank, not a lot closer than 12 months ago. Just trying to keep it real folks.

Cheers,
Stevo