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re: wpl ching spin ( wa leaders conference ) AllI agree that the...

  1. dynofish
    3,542 Posts.
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    21/09/05
    16:39
    Post #: 1140682
    re: wpl ching spin ( wa leaders conference ) All
    I agree that the "new" presentation is unrevealing as usual. However, i do note that they seem to have taken pains in slide 9 headed "Chinguetti Field Development", to mention that Chinguetti certified to contain P(10) recoverable oil of 180mbblso. Although it is pure speculation on my part, I do not see why they would say that unless it is believed the 123mbbl P(50) number is too low.

    All of the above is totally consistent with the commentary from the company at various times as mentioned in a few other posts today. I saw soemone mention that a 220mbblso number has previously been touted. Either way, plenty of upside potential...right?

    regards
    DF
    HDR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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