Had spoken to CN recently to clarify a question I asked at the AGM re: PE doc , I assumed that this contract clause would have been O & G SNE specific but it's not , it's a general clause used by all industries and importantly has been 'tested' so no need to unscramble the egg that's COPs problem ,It would appear a PE reset is the objective . Just waiting on the ICC to appoint the chairman which is close and this could apparently be resolved quickly . With big oilers backing us , CNOC and Petronas and the Admiral ,funding shouldn't be an issue .
FAR have a fig $4.50/ bbl 2C and $10 bbl US @ FID ,presumably that's what we're after so double what COP sold it for and this was based on conservative 17% RF CNE numbers , our 641 million bbls is approx 21% RF ,since then we have 3 successful wells and very importantly confirmed connectivity . The field has grown from 350 km2 to 590km2 , PESA interview with CN And Granger dec 17 , if you increase the RF to 30% - 35% which appears to be historical recoveries on these types of fields then this is a monster . Forget about the CNE geo quoting this is a billion barrel field , if you extrapolate the numbers it's much larger .
So big fields 'only get bigger' and Samo is apparently larger again ! Has the hallmarks of HDR again just hope we're we don't get cleaned up before we get to that $1.00. OOO
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48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $44.81M |
Open | High | Low | Value | Volume |
48.0¢ | 49.0¢ | 48.0¢ | $109.4K | 227.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36124 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 13200 | 2 |
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No. | Vol. | Price($) |
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1 | 20000 | 0.475 |
1 | 20000 | 0.470 |
2 | 31614 | 0.465 |
1 | 3000 | 0.455 |
1 | 1822 | 0.450 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 13200 | 2 |
0.505 | 100000 | 1 |
0.510 | 200895 | 3 |
0.515 | 100000 | 1 |
0.520 | 392055 | 4 |
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