RE:RE:RE:RE:RE:RE:RE:Nice to see rational market action on VLESuppe11 wrote: windymayor1 wrote: Agree reserves r important but 20 year RLI is a bit of a stretch.
Tourmaline with a mkt cap of $20 B has a total Proved RLI of 12 years.
I would say 6-10 years is a resonable expectation and comfort level for any investor including institutional.
He strechted it a bit....normally 10+ years is, what the big boys are looking for. A lot depends on the debt, of course....
Mubalela, with USD380B assests shopped tgis around for years before gifting it to VLE.
Why would any bigboy take it now seeing that it takes $250M year infill drilling to maintain with small declines a paltry 20K bbl day....not even worth looking at.
They want multi BN reserves like Russia just secured in Iraq, with guarantted production life of 20+ years at 500-2M+ bbl day.
Tgisnone is for bottom feeders. Wondering when priates or junta will start ripping off the storage vessels haha...