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+--- Thread: Oil Search Resource Press Release (/showthread.php?tid=10943)
Oil Search Resource Press Release - SupaSage2003 - 07-15-2016
Oil Search Says Elk-Antelope Avg. Certified 2C Resource 6.43 Tcf
Thursday, July 14, 2016 07:39 PM
by Vivek Shankar
(Bloomberg) -- Oil Search says two independent certifications on Elk-Antelope fields show average 1C resource 5.17 tcf, average 2C resource 6.43 tcf of raw gas.
- Certification sufficient to underpin two additional LNG trains in PNG
- Oil Search not required to make additional payments because certified 2C resource <7 tcf
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NOTE: CVR in InterOil deal calls for $6.05 in cash for each tcfe of 2C hydrocarbon gas resource more than 6.2 tcfe
- 3C resource range is 7.57-8.11 tcf, Oil Search says
RE: Oil Search Resource Prss Release - bdahl385 - 07-15-2016
Average 2C at 6.43 TCFe, what a crock, the CVR is virtually worthless at that level.... roughly $1.20 from quick math.
http://www.asx.com.au/asxpdf/20160715/pdf/438l5xlfqjrj28.pdf
RE: Oil Search Resource Prss Release - Putncalls - 07-15-2016
This is lower than the pre A3 GCA estimate.
RE: Oil Search Resource Prss Release - Stavros - 07-15-2016
You can easily manipulate the Certification by not providing sufficient data to the Experts.
This is EXACTLY what Phil Mulacek predicted would happen.
XOM is now looking at all the data - - - let's see what they do
HESSION IS A TRUE CRIMINAL
RE: Oil Search Resource Prss Release - Putncalls - 07-15-2016
What ever the reason: It sucks.
RE: Oil Search Resource Prss Release - will2bgreat - 07-15-2016
3 years, 3 wells and the GCA 2C number goes down. Wow!
RE: Oil Search Resource Prss Release - petrengr1 - 07-15-2016
This is unbelievable! 6.43 TCF is 59% below the GLJ number of 10.2 TCFe.
Will the stock be down $6/share at the opening tomorrow or will the Exxon bid hold it up a little?
Based on their number the CVR's are worth $1.40/share.
RE: Oil Search Resource Prss Release - Libtardius Maximus - 07-15-2016
Not good at all, but hey, Hession gets his millions
RE: Oil Search Resource Prss Release - SupaSage2003 - 07-15-2016
I thought the CVR payout value was supposed to include the results of Antelope 7?
RE: Oil Search Resource Prss Release - Putncalls - 07-15-2016
Yes it does. The last three wells did not increase the GCA or the GLJ estimates though.