I had a close look at slide 19.The big 4 companies have averaged 73% conversion of 3P to 2P.
The way i see it,BOW are being conservative in their 2P target of 1250PJ.Either 46% of their current 3P 2739PJ or only 20% of their target 3P 6200PJ.
If they get anywhere near 70% imagine what they will have.
Plenty to like about that.
presentation illustrates large potential , page-2
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