RE: Key thing in Farm Out negs1 Nov 2018 15:59
14.13 - Jiddy: I forgot the HRZ for one minute. However, 88e now has so many assets (amazing and I remember "enormous, vast, immense", etc); and my favourite fron Livin: "Monbombastical". But we have changed 88e direction. Was simple: prove HRZ, cream curve, sell. Now, a different story. Yes, extra conventional all very nice but it was originally 'free' insurance. Now, real money is going into those assets with all the associated cos approx 30% drills. HRZ is nearly here and has over 3 bb on internal figures (so 50% more than present conventional estimates). I always feel that when a project has a stated aim it usually works best to see it out and then embark in a new one (all sorts of logistical reasons). This departure costs (RI) so we shall see if diversification adds value here after the associated dilutions, I hope it does. VGLA