recent discoveries like karoons are always good to get the punters razzed up as we get set to drill. i think we'll move steadily upward but may well stop in mid 30's on spud. i agree that people just don't seem to be aware of the significance of our drilling campaign!!
i hope we don't do a JKA and lose 40% in the run up to drilling... i acknowledge though that they are drilling a 100mmbbl appraisal and we are drilling a wildcat in which the highside equivalent of 13.5 tcf is 2.4 BILLION bbls of oil equivalent! even the mean case is equivalent to 637 million barrels!!!
and all in shallow water, easy to develop and close to an ever expanding market!!
NEN Price at posting:
25.7¢ Sentiment: Buy Disclosure: Held