Bow will get there eventually. The recent reserve upgrade has a lot more in it than meets the eye. In fact, if we take a sneak peak at some extrapolation of results from the nearby pilot well across the Norwich Prospect, then you start to get the picture that they can deliver their target on this block quite easily if they can get the operational up time.
Does anyone find it EXTREMELY weird that a massively cashed up mid-cap is doing nothing as far as drilling goes?
*my grid and 'notes in the box' are added to the slide as a hypothetical only.
Cheers,
SF
BOW Price at posting:
98.5¢ Sentiment: Buy Disclosure: Held
