What's your target?, page-61

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Generalrelativity

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18/03/17

09:52

Post #: 23449128
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Originally posted by oilskin ↑

Good comment D.
The level of investment in this arena is mind blowing.
Billions upon multiple billions spent on land, technology and M&A.
If this play unfolds as it should, then there won't be a lot of hesitation in acquiring it. If it flows like conventional, then it will be as, if not more economical than a large number of operations throughout NAM.
We reside in an expensive part of the O&G world, but if this proves up in a few weeks time (all going to sked), then I believe we will see at the very least some jostling for a spot in the queue. Maybe even a dowry or two from the big boys.
If major companies are willing to spend 5-20billion on a good field, then we at least have a chance of getting a good price for our asset.
If PB is right and he often is, then this tenement may even carry a premium!
Access is always tricky in Alaska, but that hasn't stopped anyone so far.
Bottom line, if there's a shed load of oil there and it's accessible then the infrastructure will be built incrementally.
The technology in fracking is improving at a fast pace and literally 10's of square Km's can be accessed from a single pad already! It may well be that we see more than one company take some serious interest if this goes to plan. The first company that comes to mind is ConocoPhillips of course, as they know PB well and I would assume they trust his instincts. I say that only because they have a history not only with PB through Burlington, but also with their venture into Eagle Ford. Just IMO!
It's a long way off, but if a major is willing to fork out 5-10 billion for a smaller acreage than ours with a proven resource, then what would they be willing to pay for a proven play over ~500k acres??!?
5-10billion?? I don't know, but it certainly seems feasible and that would translate to a healthy share price that everyone would be happy with.

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Think Ive said it before Oily but a dark horse for me would be Anardarko.

They r partnered with CP at Alpine I think and don't have much presence on the slope. Have made their reputation in unconventionals in the Lower 48 and would surely b cashed up, or have a good credit rating, given they were there when poo sat at $100bbl for a while.

A lazy 15B would be cheap for these assets

Just seems a good fit.

But it could be any of a handful really.

Chinese might be another contender but not sure on their unconventional capabilities.

d.

88E Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
7 Upvote

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What's your target?, page-61

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What's your target?, page-61

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