The Brookian ZOI is significantly shallower than the Hue interval. The ZOI is somewhere within the undifferentiated Middle Schrader Bluff and Canning Formations.
NB note 1 86/131 Bex leases are actually majority w.i. AEA. please check via DOG information - data. note 2 will not include Dec18 / Jan19 Auction results
"We have of course traded millions around to take profits but still retain a large bulk which we have every intention of retaining for the final outcome. "
Sure lots have done that, you seem to have put words in his mouth.
Not defending muscat but unsure what your initial response was based on.
Muscat OK I see a consistency in past posts but why the wind up, not everyone is aware of the history of the company or the integrity that Big Dave possesses (my opinion).
muscat corrected you on BOA loan. Rebates will be paid, SOA will not renege on the deal, however whether as a lump sum or instalments dependent on result of current appeal in Alaskan appellate Court. No money owed to GALP, they have never claimed and potential liability (US$3.4) will cease September 2021 in any case.
really? Chevron, Occidental, Andarko springs to mind. We are not a peak oil yet, oil companies still need to be ensuring reserves production ratio are maintained.
10:57 If it's not impossible then it must be a possibility, so many factors involved that it is impossible to make any judgement as to how things may or may not be going. Is the conservative approach to exploration as echoed by COP repeated in other Major and Tiers companies, the world seems a less stable and safe place so will the relative safety and stability of Alaska be increasingly attractive. Thanks for taking the time to explore the Corp governance of Exxon and provide a link.
10:44 fraccing was ~500' (fraccing half length) so I would imagine a horizontal from Icewine#2V would clear current fracs and be into virgin rock after 500-600', hence possibly why well has been retained in suspension. An opinion based on no practical and very little theoretical knowledge.
ST it was DW who said we may have separate farminees for conventional and unconventional, so although I can see the worth of what you are saying we will just have to see what happens. :-)