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Citi initiates coverage on IOC with a Buy
#6
Art, what are you talking about? I think there are still well construction and drilling crews available for at least two rigs, with two high quality rigs under long-term contracts with IOC. What facts do you have to indicate differently?
"Can't get anything right anymore"? Great results with Ant 5, with extended flow testing, with Ant 4 to the point of the JV deciding to drill an extended side track. While doing that, shifting priorities and resources to accelerate Ant 6 and certification, all with agreement from Total. Sounds right to me.

Investment firm price targets are as they are because of oil prices and forecasts and because of conservative 7 Tcfe resource estimates and risking most are not going to change until more is confirmed.

Do you know of ANY exploration company with a perfect record of ZERO misses, especially in frontier territory? Shell just had huge misses costing billions. I wonder how much information they have put out about what they found? Obviously, the information found is limited and uncertain, and there may be some not appropriate to be made public.

Do you have ANYTHING positive to say? Give us a break!
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RE: Citi initiates coverage on IOC with a Buy - by Getitrt2 - 10-22-2015, 12:49 AM

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