Back to 12 % now but this annn warrants a much bigger rise
1No water is nice but the real maker is the condensate ratio
Consensus was about 3mm gas for commerciality.
The above budget condensate should be 80 barrels per mm which is a direct equivalent of another mm of gas for every mm produced (gas at $8 and oil @$100
This tells a simple country boy like myself that 1.5mm is now the benchmark or say 2mm
For me sweet oil=sweet dreams.Good night girls and boys got to hit the grindstone in 7 hrs
OEX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held