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Yes, but 2P reserves only increased by 300K bbls.Development...

  1. 62strat
    6,106 Posts.
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    09/04/14
    10:38
    Post #: 13230645
    Yes, but 2P reserves only increased by 300K bbls.

    Development costs have risen with this new announcement in that the development proposal is now stated as a triple multilateral well development.
    Previously it was going to be a horizontal dual lateral arrangement.

    IE, they are now planning 3 x horizontal sections instead of 2.
    NDO Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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