tui,
Don't worry, I'm with you on this, as you know.
I did a comparison over on RLE's thread of COI's MC as a line-up exercise of MC's …
In Dec '17 (net to COI)
Comet had Reserves of 2P 30 PJ and 3P 219 PJ MC $150m
At ATP-814 Blue Energy has 2P 78 PJ and 3P ~300 PJ MC $56m
In the current environment, BUL has been absolutely flogged and is dirt cheap. It's that simple. Pipeline, or not.
Kip
