That’s a great find even management corroborates that in their investor presentation. Of the 10 wells they have an EC for they have started working on 4 I guess. It’s good to see that they will use the cash finally which should lead to improving roics and growth.
On estimating revenues from these oil fields. It gets hard for me to estimate how much product comes from these fields because these are exploratory drills. I am just not sure how much can be extracted from here. We have an overall idea of 2P reserves but it’s very ballpark.
I am just going with management’s base guidance here and will improvise as they execute.
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