Are you a buyer at 80c H ?
I noticed Phill discounted that down to 30c.....
IF FAR goes to 30c, 30 million MC I will be buying.
I believe at that price there is a big profit to be made if they hit commercial oil ie more than 200 mmbbls.
100 mmbbls 2C at 30c per barrel = $300 million.
I think a $1.50 is a real possibility leading up to spud.
Look at 88e for eg. 450 million MC with what exactly?
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