Re: The Falcon play - Falcon's present value - Update
in response to
by
posted on
Oct 02, 2013 09:16AM
Developing large acreage positions of unconventional and conventional oil and gas resources
There's no limit to what the backroom boys will do to get their grubby hands on the long-term investors holdings.
>They hope to be left with c 35% after new farm in.
Now, that's never happened. That's for sure. No company would ever say that in the midst of a very serious negotiations.
>Stated we would be at the undeveloped stage valuation in 2/3 years!
That hasn't been said either. Because we are already there.
Undeveloped stage
Logs, Seismics 3,490 km, Oil and gas shows Shenandoah well testigs.
Appraisal stage.
That's what Hess was supposed to achieve with the 5 well drilling and testing program.
Now, we're in negotiation with new partners to move us into the Appraisal stage. The duration of the Appraisal stage will last 2-3 years, untill then we'll remain in the Undeveloped stage.