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Of course if the buy backs like most other buys for the last couple of years are imho leant out to short, that might explain the problem. we need re-rating news that jumps over the trading gap. desperately need the obvious 2 candidates that can achieve this.
Each zero water revenue update must make Wressle asset bigger. but does ‘working on it’ mean current data can be included, or was all the data provided when analysis began. yesterday “deltic energy shot up 30% after it said its pensacola discovery was nearly twice the original estimates of size”
Bring on the CPR… surely bigger rise for wressle that’s actually producing.
It would be interesting to know if data is still being fed into the update, as the reserves estimate must surely be increasing every month if pressure remains the same. Clearly when it is published it will provide the new 'expectaions' baseline from which it would then be hard to exceed. I'm expecting something dramatic whist water remains zero.
So is much more oil in reserves according to some!
maybe the ‘beyond expectations’ will soon have to rebase those expectations with an appropriate sp adjustment, and we can move forward beyond the old expected expectations, to the revised expectations.