cybersssss dateline='<a href="tel:1392212174">1392212174</a>' Wrote: Interesting dialogue. Not to burst the bubble but it seems that at this point, per the current valuation of IOC, there is ZERO value ascribed to any of the future drilling. We are at a low case just for the deal itself and do not even have an LNG participation priced in. As I see it, drilling provides only upside with any finds. Interested to hear if PET has anything to add here.
all good points, Cyber. I too would be interested in Pet's take. My uninformed opinion is there is a major difference between looking for HCs in 50 foot thick horizontal seams and looking for HCs in vaulted structures hundreds or thousands of feet high.
I recall all an air photo interpretation course I took in school. The technique was extremely successful predicting oil under salt domes and water at the base of alluvial fans.
after all, it is a lot more productive fishing on and adjacent to defined structures than flat bottoms. It is though good to see in this thread alone the POS has tripled or quadrupled from 10% to 30-40% ;-)