also with WCL field, it has the history of production, therefore the confidence of converting the 3P reserves to 2P, is much higher than other fields.
Well, I wouldn't agree with that. On the contrary I think by now, if something in Meridian is 3P, after 15 years of production, it's 3P for a reason.
But I agree with the rest of your post. Now that they have this GSA, they can work up to 65 or even 100 TJ/d because they should have the money to drive the development. Future looking much brighter.
WCL Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
