No wayIs CGX gonna over run without a valid reason..what Harel is saying does ring true yes but he neglects the fact that FEC is calling the shots and there would not be a reckless move to overrun by USD$45.0 million to bring up cuttings. In my opinion just under the Camapanian the bright spots in the Santonian came in as pay that is in addition to the Camapanian target at Horizon 19 ..if this is so then the seismics for Horizon 23 and just below it are even better than anticipated.
Right now the delays are being driven by caution and securing the gains made with proper casing,liners etc and making adjustments based on the new seismic knowledge gained so far being applied to the seismic stacks in play at the moment.
I am seeing it getting better as it goes ...yes we do have value baked in or nobody would be touching this well to help CGX to the TD ..that of course comes at a price ..CGX and FEC would not bring in a new partner who does add real value to the equation given what they know now..that is the strategic oppurtunity that is being crafted ,,right now they know what they have and know what they want ...in my opinion CGX is worth CAD$3.00 minimum before going into the Horizon 23 after that proves it will be CAD$8.50 ..this seems to have as much as Kawaskwasi in Block 58 with less extraction costs .
Me: wondering why people are not looking at the seismic and recalculating Horizon 23 based on the results so far