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Hi Whisky, was chatting with a fellow holder and I made the...

  1. 16,213 Posts.
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    Hi Whisky, was chatting with a fellow holder and I made the point to him how long can the JV put off declaring DOC? If they hit MEFS which I'm sure we all think is in the rear view mirror then aren't these 2 things one in the same. I am finding it difficult to see what possible reasons they could have for not declaring commerciality. The fact oil is up and the field is 5o % bigger [ conservatively ] surely with every barrel added to the resource numbers the actual cost per barrel decreases. I think it will be soon. IMO they run the risk of looking a bit foolish having massive resource numbers well in excess of MEFS numbers and no DOC. AIMO DB
 
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