I remember HDR when oil flowed at Chenguetti I think POO was circa $45.00 per barrel. While not knowing what the eventual figure will be,is GP understating the potential flow rate,with a view to the AGM presentation. As I posted previously GP kept banging on about the well "nextdoor" with a flowrate of 600 odd barrels aday.
I actually thought the positive news was the subsequent followup wells,barrel by barrel each one means more money,400 odd barrels aday extra,this is significant if its proven.
Raider
CIG Price at posting:
8.0¢ Sentiment: None Disclosure: Held