G. Lambert interview in Podcast. Very good interview, compelling investment.
Ice-road construction in early Jan & ice-pad construction & rig mob early Feb and spud mid to late Feb.
Blue sky upside potential on oil discovery. Targeting light sweet crude oil, 126 mbbls net to RMP; $5 per barrel (conservatively) $500 million net to RMP.
Less risky than wild-cat exploration well. It's in Alaska, de-risked by 3 billion oil discovery nearby in the sand they are targeting.
Based on 20 years experience, this is lower end of exploration risk matrix.
www.voxmarkets.co.uk (32 min onwards)
