The issue of MAY was always the quality of the product. No doubt about it they have a ton of it down there but can they make profit from heavy oil that’s 5km below the surface and try to get a decent flow let’s wait and see but science tells you other wise.
IVZ is not MAY and the product as we found out Monday is more superior and to get this flowing at a significant rate 4km down tells you that with the high pressure already present, good porosity and permeability which we know we have and high API that the flow rate will be very strong including the liquid condensate. It’s a given what’s coming for IVZ and 3D on top of that will pin point where everyone of these multi TCF resources are. Raise its what’s holding it right here at this point and is about to rerate significantly when it’s over shortly
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The issue of MAY was always the quality of the product. No doubt...
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