Zengas - the tabloids CAN always give out a negative story - but next time no-onw will fall for it, if its VOG they are talking.
I now only have 7K stock, without the MAIL story I'd still hold 10K. At least I am still in.
Is there a discrepancy relating to assessment of the West Med field? I believed the assessment was 'between half and 2.3 trillion cube' for the FIELD not the test well as such. Surely all the other 3-4 wells will test is the range half trill to 2.3 trill. Each succesfully tested adds to knowledge, but not to more than 2.3 Trill.
Not that we NEED more than a couple of trill!
Of course if even ONE of the next 3 wells comes up with some nice condensate, add 100p to the sp yet again.
There is nothing in this price today, for any condensate ! and the neighbouring ( large but similar terrain)Medz field has condensate.
I suggest we can definitely expect 30-70M barrels of condensate in West Medz. It will be intersting if in time I am reasonably accurate on that!
H.