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If Total selects GCA the most conservative extimator then it's in shareholder interest that we address how to get them to agree with GLJ . Thus we drill 2-3 wells and do connectivity tests to prove out what GLJ states . Many believe this extra work would move up the certainty of estimates if GLJ were involved in the certification work . The question of course is who will be selected from the five and will they lean the GLJ way or GCA way??????
It's a very big year for Interoil no matter what the number and with them drilling again in 2015 in the non E/A areas bodes well for future monetizations.
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The good thing in this is that per the SPA Total chooses their "Expert" and IOC chooses their "Expert" to do the evaluation and estimates of 2C Gas And Condensate and then they divide it by two and use that average to determine the PRL 15 2C Resource for payment purposes.
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It's been a long wait. The certification information arrives tooooo slooowwwlllyyy. The data seems to be moving in a very favorable direction. If the PPS which reflects the beliefs of others would only confirm what appears to be transpiring. :/
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02-19-2015, 08:22 AM
(This post was last modified: 02-19-2015, 08:23 AM by Putncalls.)
Does that new Antelope map (with the lower west side) that IOC has been using in 2015 really reflect an impartial best guess or does it represent a view that the negotiation arrived at?
