Rob, thanks for that. I share your enthusiasm for BKP and I hold a lot of it. I don't share your enthusiasm for PFC though. I wouldn't have used the word "Impressive" on page 6 to describe their wells. The Owen result to my mind at least was amateur hour. PFC has just not illustrated the necessary level of competence. The meltdown in their share price is partly a result of that. As a result we're at least a year behind where we should be and that annoys me as I see the share price languishing way below where it should be while CTP next door is up many hundred percent. That should be us.
Having said all that, Statoil is the opposite. If there's oil there they'll extract it. If wasn't for Statoil's entry I would have sold out and taken a stonking great loss.
So yes, nice presso, but from people who have so far failed to deliver.
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