Look you guys. One drill NEVER targets 200mmboe. Sure the Kate 'structure' may hold that but Kate-2,3,4,5,6,7,8,9 etc will prove that up (if Kate-1 is sucessful). GGX are being conservative as is their style.
COS here is 26% , wildcat sure but as good a wildcat as you get.
And remember as little as 1mmboe is worth $100m revenue onshore so close to a metroplitan area. Taylor how big is Christchurch exactly?
So a punt at $6m market cap with drilling in 6 weeks? You betcha.
Look you guys. One drill NEVER targets 200mmboe. Sure the Kate...
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