RE:RE:Wei results leakingNobody knows but on this forum everybody knows before the drilling they are going to be rich and if you dont support that you are not welcome.
The fact is that fec is a small to medium oiler, not fit to go solo on such wells, and they are going solo funding cgx and playing with the numbers to make it look like cgx is worth something.
Fec already spent on this block more then half a billion us$, nobody wants in and nobody will with such deep and pressured geology, every well is taking around 6 months and cost around 130 million$, imagine the cost of developement if they ever go fid..
Unless they will prove 500 million recoverable its not commercial.
I realy doubt if fec will go for another well, they cant risk it or carry cgx.
If they have a discovery of light oil and need more reserves they will kill cgx for peanutes just to get someone to share the costs.
Just my humble opinion.