To wake up the wishful thinkers...https://www.heritageoilplc.com/pdf/HeritageInvestorPresentationAugust2012.pdf
Look at the aquisition metrics. 347MM 2P net. $850MM net cost. $2.45 per 2P including existing production and access to existing infrastructure. Add in the natgas reserves and 2P drops to $1.72 bbl...
And yet some on this board think non producing 2C, that will require ~$80MM just to get into production, will be valued at $5-$10 bbl? Puhleeze.