I hope the posts were quite clear that the COS's I calculated were the mathematical consequences of the various assumptions I had spelt out. Or to summarise again, if Matuku can be characterised as the higher class of well in which three of the four parameters are predicted to occur with very great confidence, then it follows that the COS numbers are at the sort of levels I suggest.
I suppose what you are really questioning therefore is whether Matuku is really that higher class of well. My assessment is that Matuku is very close to being the higher class of well. Whether the JV itself has made similar assessment as reflected in the particular COS that they have assigned to Matuku ahead of drilling, I wouldn't know.
OXX Price at posting:
20.0¢ Sentiment: None Disclosure: Held