where next, page-22

Rob

I'm sort of vindicated and flattered by your research; I have often sought such official validation. (mine was based on expert hearsay).

Another rule of thumb:

It used to be a 3 year payback of initial investment; I now think 2 years may be the go, due to volatility and uncertainty.

Also well life is a big factor, eg for DL3, which has about 3 years or so left?.


But here, ie Nap. DL3, there is a big plus in that we have also 40% OF about 10B CF of gas, as an offset of DL3.

I thought your recent reference to the GGP report( and everything else) on the Nap field was v. interesting. Unfortunately the report is about 7 years old, and as razor indicated an update would be nice (I am being very polite), since there has been much further work, including 3D, (some of it pinched, allegedly), since then. This could be the real prize.