RE:RE:RE:RE:RE:RE:huge volumei think you need to reanalyze or refer back to definition of RLI..
Ill repeat, reserves are important and how do we compare with
the so called peers... How do we compare on an RLI basis.
Netbacks have declined as the royalty has now kicked in
on Las Maracas, as I mentioned in the past. New production
in new fields wont have that royalty applied until a ceiling is
reached on production. PXT has moved on to other fields... They
have many other blocks where they have taken from scratch
and now developing into reasonable producers. The big picture
is reserves and RLI... thats how transactions get valued.
other situations