RE: RE: EOG vs OYL RobTheRheyno, you don't even want to start the discussion about costs. OYL cheapest well (Eagle Shallow) is costing them $50 million, Chariot well to be spud early April will cost $34 million and will be deeper than what EOG would need to drill on Sharon - so you are looking at Sharon wells probably costing under $30 million.
Of course, no one is saying EOG will even get to the point of drilling a well when you see what happened to UNX Energy. They got taken out for $730 million before drilling a well and EOG would most likely get more than that due to their blocks being in Walvis Basin that has more potential than Orange Basin (where UNX blocks were) as in my opinion, Orange could be gas prone. Walvis is mirror to Brazil's Santos Basin.
EOG don't need a ton of money any time soon. The big money would be needed if they got to drilling stage and would probably be half what CGX Energy is spending on their Cheapest well. Also, see this post concerning PP:
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30834067&l=0&r=0&s=EOG&t=LIST