Hi Mate. I would never accuse you of being one of them, as always discussion is healthy.
You are right with a low flow rate could make the break even over $68 but that would still not make Icewine a duster and it wouldn't be for the whole acerage or all wells. There would still be future value even at $68. I think the $39 is a very conservative valuation and might well be lower towards the $28-$30 not long to wait now till we find out and in my opinion and belief spud is definitely one thing worth waiting for
Melbourne 88e'rs, page-239
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