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understanding, page-5

  1. ronstieb
    9,307 Posts.
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    15/09/09
    13:23
    Post #: 5643659
    GS
    Read the AR and looks like we don't have to argue about Mirage/Ventura anymore. Reserves downgrade and possible abandonment in 2010 proves my earlier points.

    The expected flow rates for Snatcher are not a patch on the COE/BPT wells in the adjacent field.
    For comparison, COE's developed reserves only trade on an EV of $15/brl at 41c sp and several of the wells flow at over 1000bopd.

    ITC Price at posting: 5.4¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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