Sound Energy29 Oct 2018 11:10
Well if 1 TCF is £1 and we yet have no more than 1TCF proven then we can’t be over a pound based on reserve volume pricing alone. Your right our seismics would be worth more but it’s never worked like that in the last 13 years I’ve been here. I don’t know why. North Sea is stable democracy, area, find oil, everyone piles in, share price rises over £1, company sells. Morocco is we have £1 billion gas reserve but next well proves we don’t have £4 billion this time, must not be good as we think.