10-02-2012, 01:03 AM
Yes, the odds seem very favourable, especially now we know Triceratops is another whopper. And see that calculation in another thread here, even at $1/mcf for a 25% stake would be $2.8B with IOC's financing needs for its stake in the plant at less than $1B..
I think $2B or so could fund a rather large reefal hunting party, although we also have to drill a few appraisal wells, of course.
It's difficult to see much, if any downside from here, really.