RE:RE:RE:Stark Question for those with O&G experience: within the formal valuation, particularly the DCF method, the worse case is 89mmboe. What is that number based on without mdt data and sidewall cores?
Starky does have a good point, and one that's hard to shake in my mind: how does catalyst capital have university endowments and high end investors giving them millions to invest if they don't know what they're doing? I don't know much, but I have a hard time thinking they'd push yet another $120m on the hopes of one well. They've gone through a lot of effort to own about 75% of CGX and nearly 93% of the corentyne block. Surely if they were risking it all on one block, it would have made better sense to invest that money elsewhere.
BWTFDIK