02-18-2014, 02:57 AM
Wahoo, Raptor and Bobcat are all outside PRL 15, as is Triceratops. The market has given no value to Triceratops and minimal value to E/A. The SPA with Total is for PRL 15. Provided they are successful why would any value be given to Wahoo, Raptor and Bobcat with no agreement in place for those resources? It seems the expectation that these wells will provide a boost to the PPS is putting the cart before the horse unless the idea is to make it potentially more expensive to acquire IOC.