GREY:ROAOF - Post by User
Post by
GreatSwamion Jul 22, 2008 9:47am
1130 Views
Post# 15316156
Hello again...
Hello again......just looking in for old times sake! Looks like the good news just keeps on coming as Moth turns out to be a BEHE MOTH LOL!
But as some have pointed out - the planned shut down of the Forties pipeline and the concommitant shut down of the Balmoral for a few weeks in August will put a damper on the upside - plus the fact that its going to take a little while to bring this new pool into production.
But nice to know that the overall probable recoverable reserves growth is continuing at an incredible pace! Just stretches the producing life out considerably - and makes all the smaller pool discoveries increasingly redundant - even though they are still very economical and profitable in their own right. Nice problem to have - and one isn't going to have to wait as long here as you will with all the Bitumen players!
Enjoy the ride folks - short term market wobbles notwithstanding - this is going steadily upwards.
GS