Hence why fundamentals are changing because it’s the same well from 12 months ago where the oil discovery was made and delayed 12 months till now due to structural faults to the well which didn’t allow an appraisal to be done. This is running and with a 90 percent appraisal rate with the new well design and the biggest appraisal in more than a decade this will reverse aggressively and run. Pricing in weeks before not 3 weeks before.
PESA Luncheon, page-41
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