08-13-2015, 10:55 PM
First time I have listened to the call. Much more color when you listen versus transcript. Hession stays on a mantra.... Find it, develop it, monetize it. His confidence that they think this is a "giant" is comforting. Two trains will be supported seemed to be the minimum. The questions from Neil Beveridge I think, trying to nail down the size of the resource was cute but they were not going to bite on that. They know they have seven in the bag and Hession says that every additional TCF is 600-700 million in value so they are going to turn over every rock so to speak to find it all initially. Although I think if they miss a rock or two they can get an additional certification later on. Very positive information. Wahoo is now an after thought and the hope for Triceratops which was very positive and potential for Raptor will be known in the next 9 months. Also, they are confident they have the drilling issues sorted out and completing wells in 59 days is where they want to continue to be. Now how will the market react and how will Calio, Beveridge and Molanchov write it up and will that make any difference. Or do we have to wait for the key question, how big!!!! and cash delivery second quarter next year.