RE:RE:RE:RE:RE:RE:RE:RE:Loto 2 well successful....54 feet on net Pay !!yes, the x-factor is 23%, not 28% - but just a typo since I used 23% in my calcs.
The management value the GOR at $900,000 in the balance sheet, which looks reasonable to me, and obviously assumes success in CPO-5. I don't see any reason at this stage to value it higher than that. If you think it's worth a lot more show your calcs.......