RE:I enjoy reading all of DOUG's commentary!!
near full is an understatement, how bout overflowing and spewing all over the freakin floor and up to yer knees in an olympic sized pool ffs.
arrival at stella really means nothing as a this point it is a given, same for anchoring and hook up, it's all about POO and execution on production, nothing else, the tow and anchoring are pretty standard operations nothing earth shattering to move the sp unless it coincides with an increase in POO.
I'm really at a loss as to where you people think all these reserves are going to come from and how they are going to be paid for, almost all of you are pricing this into your price forecasts for iae.it seems. resevoirs are being shut down that are many times the size of what iae just bought. decent buy but miniscule and meaningless pretty much as far as iae's value is concerned. unfortunately at this point this kind of stuff is all they can afford.
kensho this is why it is crucial for iae to be making big money from the start of stella production, they have to have higher prices to pay for more reserves wither by buying or exploring. if they produce stella at 30k bod from the start I can guarantee you that they will see production dropping within a year, it will be a fairly quick decline rate most likely. they can ill afford to be wasting production from stella with POO in the range it is in now.
as for dougy, i can understand he has a different point of view but when he claims concensus for POO is 80-90 bucks, which is outright bs, but this is what he needs to think because of his investments I cannot take the man seriously anymore. maybe him and vlad got together and came up with a concensus lol
oil will go up but the same thing will happen when it got up to 50ish not long ago, all the cheap producers will hedge like crazy and put a lid on it. as i said before, only thing that will speed up the POO is if opec meets and cuts production. after all this i don't see it happeneing.