Ian,
I agree with the recovery figure... however the standard industry terms are almost irrelevant, as the buyback cost is still relatively small (compared with the other numbers).
On a related note...
I have noticed your name popping up a fair bit lately, particularly with regard to shooting down BAS and the Moby well.
Would be interested in a short resume of your experience in the oil industry. I persume you are well-known as you are using a real name.
Andalisa
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