OTCPK:WSRLF - Post by User
Comment by
kinematikon Nov 24, 2013 5:40pm
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Post# 21936452
RE:RE:RE:RE:RE:RE:RE:RE:RE:Why Chandler was eager to liquidate?
RE:RE:RE:RE:RE:RE:RE:RE:RE:Why Chandler was eager to liquidate?Cfox.
well, why do you think they dropped and sold thoose other fields and kept Atrush?
They didnt even drill a single well in arbat...
To me it looks like they found what they wanted, a field thats pretty easy and straight forward to develop, small in size but holds alot of oil.
Focus on that field, they wouldnt have had the finacials to keep all fields.
Start production, prove up more oil, sell. Thats what Lundin do best, Tanganyika petroleum for example, sold to sinopec.
Now SNM got an oversubscribed bond, no dilution and selffunded when we reach our phase 1, 30k bopd in q4 2014 early 2015.
Also we should get some 2P reserves booked already now in february.
How much 2C have wzr booked? I can only find for kurdamir, 204 million barrels, gross?
cheers