RE: Buys17 Sep 2019 21:20
Hi, Bamps,
Yes, I completely follow what you say (and guess Faz has liked your post....).
Anyway, the days are long gone when we are valued on what we have, even with a drilled well.
The days of MXP / BPC / RRL being valued at what was recoverable, without actually recovering it or having the pressure to get 10's of barrels out of the ground, are long gone.
We may have millions of barrels that are tangible but if their flow rates are poor, and we can't extract enough to make the desired money, it matters not that the well will earn us hundreds of millions if it takes a lifetime to extract it.