Well much as I'd be happy to see the 1 tcf of 3P I have no doubt the gas is there and that they can derisk it to 3P which strictly speaking only has to be 10% prob of commerciality.
The game has however moved on imho, and it is (as you've noted) about resource competitiveness. It will therefore be the progress on 2P and on flow rates that I will be keeping my eye on. Pretty impressive 3P is simply a given imho.
Imo the sp already allows for significant 3P target exceedance.
EL
BOW Price at posting:
$1.46 Sentiment: LT Buy Disclosure: Held
