Quite an interesting crop, this..
- Oil in the reef if the reef is as tick in Ant2 as it was in Ant1
- But horizontal drilling might still be necessary
- What would be a 35% sell of Elk/Antelope be worth?
- A revision by the board’s engineer
- Phone Schlumberger
- IOC at fair value?
6 responses so far ↓
1 kencooksam // Nov 25, 2009 at 4:13 pm
Great job, bro. Enjoy your turkey dinner with that significant other…..
2 Harold Chamberlin // Nov 26, 2009 at 1:43 am
I second Ken STP. Great work, thanks so much. Have a great weekend.
3 Janine // Nov 26, 2009 at 3:13 am
Hey Friends: I’m willing to place a friendly bet here. Who’s interested? Harry? Stp? Ken? Darcy? Roger?What comes first Gov approval for the LNG facility or the shorts finally give up?2nd bet … over under on IOC price March 1st, my price is $85 Bet is drinks in Cairns.
4 Darcy Patten // Nov 26, 2009 at 6:00 am
haha Janine, gov LNG approval or the shorts giving up? those idiots won’t cry uncle until the LNG plant is actually in production in 2015. So I definitely take gov LNG approval first!
As for that second bet, that is a tough one. My gut tells me we have oil in commercial quantities by end of Dec, which should drive the pps nicely, but I am not sure if it will push it to 85 by itself in 3 months, maybe with an early Feb GS coverage it might.
hmmm, for me, the x-factor is the off take deals. So, if we have commercial oil by end of Dec, I am guessing at least one off take signed by end of Feb but that might not be enough time to drive the pps over 85. Never the less, I say $88 by March 1st!
Good luck to you, but I have to let you know I never lose a bet 😉
5 bob // Nov 26, 2009 at 5:36 pm
happy holidays to all; it has been a great ride
6 Roger // Nov 27, 2009 at 11:07 pm
Govt approval first…
Mar 1st prediction 99.99