I think a lot depends on what % we hold when we get to spud.
30-50c sounds reasonable. but undercooked if you compare to others, if we have 80%.....but 88e went to 1.2 billion on sfa. BPH to some ridiculous sp on fresh air.
We have very solid, very large structures that are well defined and will be better defined in ~ 4 months time.
By Christmas the size of the prize could be 10 Tcf, I don't expect it to shrink put it that way.
20 million to drill 8tcf and 250 mmbbls condensate is stupidly cheap and I think most holders on here would take the dilution to keep the 80%.
There is sooooo much info to come in the next 6 months.
Another listing.
PSA
Rig contract
Seismic,
Farm down or go alone, I'll call it as go it alone.
The only hope I have is I get a crack at the CR, IMO the sophs will be all over this, as evident from the last cr, and I expect some games will start once they know its go it alone for certain.
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