RE: Broker Note Reminder - 47.8p8 Jan 2020 18:47
17:33 you have obviously done some research :-)
88E Investor Briefing London 20th February 2017
1:09:30 on
I read it as the development of successful wells (productive) that can sold to pay for greater development of the field and hence greater ultimate value for shareholders, but he does introduce the term as a "industry term", I am afraid I am sensitive to many posters who chose to ridicule DW's use of what is a standard industry term.
https://www.youtube.com/watch?v=0e7wdR3BLlc
"ave Wall:
It wouldn't be great. How much would you get in that scenario? I can tell you it wouldn't be a maximized value, or what we refer to the “creaming the curve” which is a common industry term which is creating the most value in the shortest period of time. We would get, say the curve looks like this, we're here, we could get to there with the next well. If we execute the next 10 wells to delineate, we could get up to here, and then we leave something on the table for those guys. We just sell here. You want to execute that delineation program. That's the point that we think is the most appropriate way to move this forward in the success case."
http://88ewiki.wikidot.com/london-presentation-transcript
All way good to go back a while.