06-15-2016, 11:50 AM
Agree except IMO A7 will be drilled as stated as it will further define the reservoir, but likely not add much to the Certification amount. In the original IOC CVR presentation on May 20 it stated that A7 drilling was still subject to JV partner approval. In the May 30 Roadshow that was changed/updated to read "Drilling of Antelope-7 has now been agreed by PRL 15 joint venture participants".
Likely they heard from enough people that it must be drilled and included in the CVR valuation. My guess is once a deal is approved, A7 will be drilled. If deal rejected, A7 will be delayed until IOC is no longer an independent company.
Likely they heard from enough people that it must be drilled and included in the CVR valuation. My guess is once a deal is approved, A7 will be drilled. If deal rejected, A7 will be delayed until IOC is no longer an independent company.