RE:Sorry but you are wrong… I dont agree. Cashflow is under 500m debt ratios at 1:1. They are huge outlays in advance of production.
your talking there entire cashflow for years. Thats without money going into existing production base.
dev would easily be >3B. Production facilty and likely 40 wells with prod wells and injectors at likely at 50m a well. That outlay alone has to be done in a year or two.
sorry but your wrong. Thats why deep water production is a majors game.
they have the cash