OXX has always been off the radar but on a risked basis sp should be way north of where it is. I did try a few threads back to do a rough risked valuation and came up not much short of a dollar. On a risk reward basis OXX is way cheap but the SP is the SP.
Always thought that Palta was/is a real outsider and had it risked at 10%. Never know your luck though. Funnier things have happened abeit that dissappointment is usually the order of the day. Notwithstanding Shell have not given up despite the problems and they are as good as anyone in the businness. They are determined it seems. Cost somebody a shitload to date and a lot more to be spent before Palta is over. Glad OXX is not paying. Kastin when you relate it to being potentialy twice the size of Pluto it is hard not to salivate.
Winchester though I quietly have confidence in. It is not a wildcat. They know the gas is there, it is more of how much, flow rates, and is it commercial. Will be seriously pissed off if nothing comes of this drill. I had it risked at 30%.
Makutu latter in the year looks quite exciting as well.
Funny that OXX has no following. WHN and STX get more following at the thought that 2 TCF may extend into a adjacent block. have to laugh at the market really. Quite irrational.
Fingers crossed for the next couple of months. Just imagine if they both came in.
We dare to dream!!
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