SP ...13 Aug 2018 16:38
So, we have 4 lines of development (or more)
A/ Sort Lancaster out and flog it ... sell rest off on the 'cheap'.
B/ Sort Lancaster out and flog it ... use money to develop other Rona Ridge areas + raise some money to help to do this.
C/ Sort Lancaster out, try for FFD on own with decent financing due to awesome Lancs data/reservoir performance.
D/ Merge with someone ... or Farmout ... or sell
some & farmout... and go for ffd.
Too much oil? I dont get this. They.ll be various parts of our assets nr completion, some halfway(been initially drilled) and some just sat there waiting. The sp will be an amalgam of this reality. The ii.s will apply some probabilistic stuff to costs/revenues for the near and distant stuff and these will affect our sp today -
some aspects by not alot. Whatever the model assumed, this will have a major impact on the sp along the continuum of possible options.. n , n+1, n+2 etc RB.s model looked better looking short term and with lower risk(+ possibly lower returns) Kerogens looks different perhaps ...more longer term. Patience ... lets just gather more reservoir performance data and a bit of decent quality oil over a sustained period first ...oh the joys. Lets not all get divorced before Q3, lets get some counselling ... and keep tgings amicable. An controlled ego a day helps you work rest and play .