STX 4.65% 22.5¢ strike energy limited

Waylering 7, page-248

  1. 618
    3,146 Posts.
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    I don't recall Walyering being talked down during SOA. I think the main theme of the story was that Walyering would provide the steady cashflow that would fund the growth engine from SE and WE. In terms of resource size at that time, Walyering obviously paled in comparison to 100% owned SE before we knew about the SE2/3 issue.

    At this very juncture, especially given how the market is pricing our equity at present, Walyering has gained much more importance and significance in terms of adding more reserve to extend field life and future cashflow.

    618
 
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