Majors are renowed for not being fast, although the farmin...

Majors are renowed for not being fast, although the farmin departments often have to be fast.

First the specialists of all disciplines (G&G, drilling, reservoir, production, facilities, downstream etc) have to get their input data for calculations. The G&Gs will try to challenge the Pcl story that sounds too good to be true. But they will come up with their interpretation and with numbers for initial oil, gas in place. Drilling will collect their cost. Production and reservoir engineering will generate possible production curves, process engineers will plan facilities. And with the production rates and OPEX, CAPEX different business models will be simulated. Then some colleagues will do plausibility checks and finally approval from the management is needed to get the funds for a bid.

I think June is too early for a shot to the moon.
Perhaps end of July we could hear some rumours about the size of the slice of the pie?