re: great value, some numbers
Ian, the 3mmbls at $20 is ok with you ,me and most others, ie the value in the 85-105 cents range can be supported.
The current well will probably not have a high impact one way or the other in terms of overall value-it is not that big a target, but has comparatively good probability,(have a read of the most recent announcement-it should now the benchmark for oil exploration disclosure!).
Their major plays are in the second half of the year.
As to cash flow , the decline curves are running pretty close to 30% rather than 20%-they are trying to suck as much out as they can asap ,(without doing reservoir damage we holders hope!).
Cheers,TAS
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
