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guessing game, page-9

  1. 4,234 Posts.
    Robrob,
    Cheers for at least reading my posts :) I am not a negative person. I do think bow has some good prospects, I just think they need to be taken in context.

    Look at how lng has struggled with their capital credibility. This is not a money machine, risk has to be assessed.

    Abs,
    Not going to chew your head off..Rrrrggh :)

    I just think that a target 2/3p reserve figure needs to ber taken into context. It will be a long time till they will be proved up.

    I strongly believe that one of the main reasons that shell has moved is on the obvious value they see in bows norwich block, not necessarily blackwater!

    When you talk about other metrics offered, as a simple way to distinguish if it is reasonable to compare, have a think about considering the 2p to 3p ratio. This is a very simple determinant of how large a commercial reserve is there, but note that it also reflects the stage of development for that resource (i.e it may be upgraded).

    For this reason, the esg metric is not a good measure.

    So why not just wait till they prove it up? Time is risk!

    SF
 
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