AGMVery positive mtg. Thailand has a 3p reserves of 4.5 million barrels, With the drilling of new wells this will also increase. Indonesia, new road was constructed because Repsol is confident in this project. If successful this could be 120-400 million barrels. If successful in Indonesia, it will take 3 years to tie in production. Jeff wouldn’t say what course of action would be taken with the success but infererred that some properties could be sold to finance larger projects. Every million barrels represents 50cents per share. East Jabung has potential of being the largest discovery in Indonesia.
The transition of Tailsman takeover by Repsol caused this project to be delayed by at least a year but now are back on track.
IMO, this could easily be a 50 bagger.