"It has annoys me that FAR Directors have been so lacking in disclosing what we might have and happy after the last right issue at 8.5 cents to do FA afterwards."
Nonsense..what part of 1.28 Billion barrels 3C ( updated three times already and higher than the operators numbers) are the directors not disclosing WN, plus the large oil in place figures given by the operator, just because their figures don't match your lofty expectations doesn't say your right and they are not disclosing....
As you should know Management will have a reasonable handle on how big the field might be but they certainly won't speculate on it, that would be reckless , speculation is for HC dreamers, Management use independant reviews and won't go beyond that other than saying the next RISC report is likely to increase resources....As you say you dream...
If they proceed with development in a phased fashion as is likely and don't spend large sums of money trying to test the outer limits that won't be produced from for years, it will be a long time before they know roughly how big the field is, especially given reserves are based on economically recoverable oil and change with the price of oil..
What Management have suggested is a field producing up to 140,000 Bopd which is a very good number ( they were originaly talking 80-100,000 Bopd) and that won't change once finalised even if the field gets bigger, it will just produce over a longer period....
Cheers Whisky
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