Ya, U may be a little conservative with the field acreage etc but the gist is fine. My main question: What is the Roc cash for? Another rush well pre crux farm down?.
They will no doubt be looking to maximise cash from Mitsui (or other) farming into a greater stake. If they can lock in the capital req's for the next 12-18 months SP will move it big time.
Will the hedgies move beforehand to tilt the ship?
DYOR
libra estimates, page-2
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