SF I am obviously not as well researched as yourself, but in my research I have come across the fact that BOW's permits/fields tend to be undersaturated, which I am sure you being so well researched will know that means they produce water for a long time before reaching maximum gas volumes, as do arrows adjoining blocks. I know I have been overly optimistic,I will also be happy with $1.52 if that is what we end up with.
It just seems to me that you feel flow rates will not improve end of story. I would like to hear your views on the possibility/probability of improving rates.
BOW Price at posting:
$1.49 Sentiment: Hold Disclosure: Held