Comment by Lonegaurdian19on Jul 29, 2024 5:03am
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Post# 36152152
RE:RE:RE:Eco Presentation Jul 30
RE:RE:RE:Eco Presentation Jul 30 Hammerhead is worth noting that a single well will likely prove 17 million barrels on Eco's block. That alone is not a lot but with Exxon committing to development it means they are liable for producing at the adacents block expense. Thus Factoring or Unitization comes into play. So it is in Eco's best interest to drill (having gone 2/2 in less likely places) to secure future revenues.
Chevron and Exxon are in a heated battle over Hess Guyana assets so barrels in ground look like $5-7
17 million barrels @ 5 is $85 million in market cap